Resilience Expands Partnership with RSA for Enhanced Cyber Risk Solutions
Cyber risk solutions provider Resilience has announced a significant enhancement to its partnership with RSA, enabling the company to underwrite risks based in the United States through the London wholesale market. This strategic move is designed to specifically target companies with revenues ranging from $75 million to $10 billion, offering a surplus lines solution for businesses that prefer to secure their cyber insurance through London-based channels.
The partnership between Resilience and RSA initially began in 2023, when Resilience expanded its underwriting capacity limits to £10 million for insureds located in the UK and EU. This collaboration, which is supported by partnerships with RSA Insurance, R&Q Accredited, and HDI Global Specialty, has significantly enhanced Resilience’s capabilities across these regions, laying a solid foundation for further international growth.
Building on this robust foundation, the latest development in their partnership leverages RSA’s capacity to cater to the needs of US firms with international operations, particularly those that have risk exposure in both the UK and EU. Through Resilience’s Essential and Edge Solution products, businesses can now combine comprehensive insurance coverage with innovative tools aimed at quantifying and mitigating cyber risks.
In a move reflecting its commitment to global expansion, Resilience recently consolidated its insurance operations under the leadership of its president of insurance. This restructuring involved a series of leadership changes, including the appointment of a new head of underwriting for North America, a managing director for international insurance, and a global head of sales strategy, all of which are integral to strengthening Resilience’s focus on international growth.
According to George Kotsiopoulos, Resilience’s president of insurance, this initiative represents a significant step towards delivering enhanced flexibility to clients and brokers alike. He stated, “Along with Resilience’s industry-leading integrated cybersecurity and cyber risk solutions, this new wholesale capacity will assist our clients and broker partners in efficiently building insurance towers, while also enhancing our ability to provide essential loss prevention solutions.”
For firms that work with London-based brokers, this partnership also facilitates navigation through the complexities of cyber risks across international borders. Resilience’s managing director of international insurance, Jack Jenner, emphasized that the expanded partnership broadens the company’s global reach, allowing it to support a wider range of businesses. He remarked, “Clients in the US who opt to collaborate with a London-based broker can now turn to Resilience to help them achieve better outcomes and enhance their resilience against significant losses.”
Source: Insurance Business Mag
