Unlocking Cyber Insurance Potential: How Resilience and RSA Empower US Firms Through the London Market
In a significant development within the cyber insurance sector, Resilience, a prominent player in cyber risk solutions, has broadened its collaboration with RSA, a well-established global insurance provider. This partnership is designed to underwrite US-based cyber risks from London, thereby enhancing the accessibility of cyber insurance for American clients.
Expanded Partnership Benefits
The expansion of this partnership not only bolsters Resilience’s operations but also opens up new avenues for US clients seeking cyber insurance capacity through the London market. This strategic move aims to assist US-based companies that prefer or require insurance coverage sourced from London.
Key Highlights of the Partnership
- Broader Reach: By leveraging RSA’s underwriting capabilities, Resilience is increasing its geographical footprint and enhancing the insurance capacity available for businesses operating within the cyber risk sector.
- Targeted Underwriting: Resilience is now equipped to underwrite risks for businesses with revenues ranging from $75 million to $10 billion via the London market.
- Enhanced Support: This initiative aims to improve services for firms exposed to risks in both the UK and EU, solidifying Resilience’s underwriting operations in the US.
RSA’s Role in the Cyber Insurance Market
RSA is recognized as a leading entity in the global insurance industry, offering a diverse array of insurance solutions across various sectors. Their partnership with Resilience signifies a response to the growing demand for cyber insurance coverage, further consolidating RSA’s position within the cyber risk domain.
Improved Client Offerings
The expanded collaboration allows Resilience to provide wholesale capacity for US clients working with London-based brokers. This development enables businesses to efficiently construct their insurance coverage while integrating Resilience’s comprehensive cybersecurity and cyber risk solutions.
Expert Insights
“We are excited to expand our offerings to service US-based companies looking to purchase cyber insurance through the London market,” stated George Kotsiopoulos, President of Insurance at Resilience. “This new wholesale capacity, along with our industry-leading integrated cybersecurity solutions, will empower clients and broker partners to build efficient insurance towers while enhancing loss prevention solutions.”
Jack Jenner, Managing Director of International Insurance at Resilience, added, “Clients in the US collaborating with a London-based broker can now rely on Resilience to drive better outcomes and bolster their resilience against potential losses. This partnership allows us to extend our unique approach to assessing, mitigating, and transferring risk.”
For additional insights on cyber insurance solutions, visit Resilience Cyber Insurance or explore more about RSA at RSA Group.
