The new facility complements Resilience’s existing domestic operations and provides an option for US clients seeking or requiring London-based coverage.
The agreement allows Resilience to underwrite US risks for companies with revenues between $75 million and $10 billion via its binding authority with RSA in London. This provides US businesses with access to a broader range of cyber insurance solutions, including support for companies with UK and EU exposures through Resilience’s Essential and Edge solutions.
The London market offering supplements Resilience’s US underwriting capabilities, providing an alternative for clients who prefer or require capacity from London.
“We are pleased to expand our offering to service US based companies who want to purchase cyber insurance via the London market. Along with Resilience’s industry-leading integrated cybersecurity and cyber risk solutions, this new wholesale capacity will help our clients and broker partners build insurance towers efficiently, while also increasing the ability to deliver much-needed loss prevention solutions to clients,” said George Kotsiopoulos, president of insurance for Resilience.
“Resilience’s leadership in the cyber insurance sector stems from our unique combination of a financially proven platform and our model for continuously engaging with clients to manage their risk.”
“Clients in the US who choose to work with a London based broker can now turn to Resilience to help them drive better outcomes and become more resilient to material losses,” said Managing Director of International Insurance for Resilience, Jack Jenner. “With this new partnership, we can expand the footprint of companies that can benefit from our unique approach to assessing, mitigating, and transferring risk.”
Resilience not only provides cyber insurance programs but helps clients understand, quantify, and reduce their cyber risk with industry leading software and insurance solutions. Recent recipients of Zywave Insurance MGA of the Year as well as SC Media Risk Management Solution of the Year, the company’s excellence of approach is recognised by the insurance and security industry experts alike.