US Cyber MGA Resilience has expanded into the UK market, in a deal brokered by Lockton Re and backed by paper from HDI Global Specialty.
To prepare for the launch, Resilience said it has made several hires throughout the second and third quarters of 2022, including newly appointed head of International Distribution and Strategy Jack Jenner, formerly of Allianz, as well as other senior underwriting professionals with experience drawn from Allianz Global Corporate & Specialty, Chubb, and Tokio Marine Kiln.
Vishaal Hariprasad, CEO and co-founder of Resilience, said: “The last couple of years made it clear: you can’t separate your cyber insurance from your cybersecurity if you want to manage your cyber risk correctly. We’ve instead got to break the silos and look at cyber risk holistically.”
Mario Vitale, president of Resilience’s Insurance Group, added: “To rewrite the rules of how companies manage their cyber risk, you need innovative thinking and a new approach to it. That’s why we’re so excited by our recent UK leadership hires, who integrate UK and European cyber underwriting expertise with British national cybersecurity experience.”
James Franklin, cyber lead of HDI Global Specialty, UK added: “We’ve been impressed by Resilience’s client focus and the leadership and underwriting teams they’ve assembled. This offering represents a commendable example of where well-established socio-technical security and insurance-based risk management techniques can come together.”