Cyber risk solutions company Resilience has announced an expanded partnership with RSA Insurance, enabling it to underwrite US-based risks via the London wholesale market.
The expansion allows the company to underwrite risks for US companies with revenues ranging from $75m to $10bn via the London market.
This initiative caters to US-based companies with risk exposure in the UK and EU, providing local support for both Resilience Essential and Edge Solution insurance programmes.
Resilience said the UK wholesale offering will complement its US underwriting efforts by offering insurance for clients who need or prefer capacity out of London.
The initiative will complement Resilience’s domestic operations and targets US clients seeking cyber insurance capacity within the London market.
Resilience offers cyber insurance programmes and assists clients in quantifying and mitigating their cyber risk through a combination of software and insurance solutions.
Resilience insurance president George Kotsiopoulos said: “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.”
Resilience international insurance managing director Jack Jenner stated: “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. With this new partnership, we can expand the footprint of companies that benefit from our unique approach to assessing, mitigating and transferring risk.”
In October 2024, Resilience expanded its operations to France and the Benelux region.
Resilience is said to be the world’s first cyber risk company that provides risk quantification software, cybersecurity experts and A+ insurance in integrated solutions that are purpose-built for large and middle-market organisations.
