Resilience and RSA Enhance Collaboration for US Cyber Risk Coverage
Cyber risk solutions leader, Resilience, has announced a significant enhancement of its partnership with RSA, focusing on underwriting US-based cyber risks through the prestigious London market on a surplus lines basis. This strategic move not only bolsters Resilience’s domestic operations but also provides their US clientele with enhanced access to London-based cyber insurance capacity.
Under this new arrangement, Resilience has widened the territorial scope of its binding authority with RSA, enabling the underwriting of US-based risks for companies generating revenues between $75 million and $10 billion via the London market. Moreover, Resilience extends support to US enterprises with operations in the UK and EU, delivering localized aid through its Resilience Essential and Edge Solution products.
Additionally, this UK wholesale offering is designed to complement US underwriting initiatives by facilitating insurance solutions for clients seeking or requiring capacity through London. George Kotsiopoulos, president of insurance at Resilience, commented, “We are thrilled to broaden our services to cater to US companies aspiring to secure cyber insurance via the London market. Alongside Resilience’s pioneering integrated cybersecurity and cyber risk solutions, this new wholesale capacity empowers our clients and broker partners to construct insurance towers efficiently, while simultaneously enhancing our capacity to provide essential loss prevention solutions.”
He further emphasized, “Resilience’s distinction in the cyber insurance landscape is rooted in our unique blend of a financially robust platform and our dynamic model for ongoing client engagement to manage risk.”
Jack Jenner, Managing Director of International Insurance at Resilience, elaborated, “Clients in the US opting to collaborate with a London-based broker can now leverage Resilience’s expertise to achieve superior outcomes and fortify resilience against significant losses. With this expanded partnership, we can broaden the reach of companies that can benefit from our distinctive approach to assessing, mitigating, and transferring risk.”
