Resilience Boosts Growth with Thorsten Mairhofer as Regional Head for Germany and Austria Expansion
Resilience, a leading provider of cyber risk solutions, has recently expanded its operations into Germany and Austria. With the appointment of Thorsten Mairhofer as the regional head, the company aims to enhance its local presence and offer tailored cyber insurance and technology errors & omissions (E&O) coverage. This move is crucial for businesses in these regions, particularly those with revenues ranging from €25 million to over €10 billion, seeking robust cyber protection.
New Leadership for Cyber Risk Solutions in Europe
Thorsten Mairhofer, who formerly served as a cyber underwriter at QBE Europe and Chubb, brings a wealth of experience in both cyber and financial lines insurance. His expertise will be pivotal in navigating the complexities of the European cyber insurance landscape.
Comprehensive Cyber Insurance Offerings
Resilience will provide cyber insurance with limits up to €10 million, addressing the growing concerns of cyber threats faced by mid-sized and large organizations. Jack Jenner, Managing Director of International Operations at Resilience, expressed enthusiasm about this expansion, stating:
“We look forward to serving German and Austrian clients as we bring our proven approach to cyber risk to these markets.”
A New Approach to Cyber Risk Management
Resilience is pioneering a novel approach to managing cyber risk, translating security and IT risks into financial terms. This allows businesses to evaluate these risks as potential business challenges that can be accepted, mitigated, or transferred through insurance. As cyber attacks escalate across Europe, this approach is becoming increasingly relevant for business leaders.
Support for Partners in the Region
According to Rehan Hussain, Head of International Underwriting at Resilience, the company is privileged to provide direct in-market support under Mairhofer’s leadership. He stated:
“With Thorsten’s experience and knowledge, we are confident that he has the trust of partners as together we help tackle the biggest challenges in measuring, mitigating, and managing cyber risk.”
Why Cyber Insurance is Essential for Businesses
As the digital landscape becomes increasingly complex, businesses must prioritize cybersecurity. Here are some key reasons why investing in cyber insurance is critical:
- Protection Against Financial Loss: Cyber incidents can lead to significant financial repercussions, and insurance can help mitigate these costs.
- Compliance with Regulations: Many industries require businesses to have adequate insurance coverage to comply with regulatory standards.
- Reputation Management: A robust insurance policy can assist in managing the fallout from a cyber incident, preserving a company’s reputation.
To learn more about how Resilience can help protect your business from cyber threats, visit their official website for comprehensive information on their services and offerings.
