RESILIENCE INTRODUCES LONDON WHOLESALE MARKET FACILITY TO US CLIENTS

News provided by

Feb 20, 2025, 03:00 ET

US Businesses up to $10B in Revenue can now tap Capacity from Leading UK Insurer RSA

LONDON, Feb. 20, 2025 /PRNewswire/ -- Resilience, the leading cyber risk solutions company, has expanded its partnership with RSA to underwrite US-based risks on a surplus lines basis out of London. The initiative will complement Resilience's domestic operations and provide a solution for US clients who require or prefer to access cyber insurance capacity in London.

Under Resilience's arrangement, US-based clients can benefit from:

Wholesale appetite: Resilience has expanded the territorial limits of its binding authority with RSA to underwrite US-based risks for companies between $75M and $10B in revenue via the London market.
Local expertise with global reach: Resilience can support US-based firms with risk exposure in the UK and EU with local support for both Resilience Essential and Edge Solution.
Complement US operations: UK wholesale offering will complement Resilience's US underwriting efforts by providing insurance for clients who require or seek capacity out of London.

"We are pleased to expand our offering to service US-based companies who want to purchase cyber insurance via the London market. 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," said George Kotsiopoulos, president of insurance for Resilience. "Resilience's leadership in the cyber insurance sector stems from our unique combination of a financially proven platform and our model for continuously engaging with clients to manage their risk."

"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," said Jack Jenner, managing director of international insurance for Resilience. "With this new partnership, we can expand the footprint of companies that benefit from our unique approach to assessing, mitigating, and transferring risk."

Resilience not only provides cyber insurance programs, but also helps clients understand, quantify, and reduce their cyber risk with industry-leading software and insurance solutions. As a recent recipient of Zywave Insurance MGA of the Year as well as SC Media Risk Management Solution of the Year, the company's unique approach is recognised by insurance and security industry experts alike.

For more information about us, visit www.cyberresilience.com.
Follow Resilience on LinkedIn.

About RSA

RSA Insurance is a multinational insurance group. We are one of the world's oldest general insurers. We provide peace of mind to individuals and protect small businesses and large organisations from uncertainty. We use our capabilities to anticipate and improve outcomes for customers by our direct channel, our broker relationships or partner organisations. We have established businesses in the UK, Ireland and continental Europe. In 2021, the former RSA Group Plc came under new ownership and is now a wholly-owned subsidiary of Intact Financial Corporation. For more information about RSA Insurance, please visit www.rsainsurance.co.uk.

About Resilience
Resilience helps organisations become cyber resilient to material losses by staying ahead of cyber criminals. Founded by experts from across the highest tiers of the US military and intelligence communities – and built by prominent leaders and innovators from the cybersecurity, technology, and insurance industries – Resilience is the world's first cyber risk company that offers risk quantification software, cybersecurity experts, and A+ insurance in integrated solutions purpose-built for large and middle-market organisations.

Resilience is proud to be backed by leading technology investment firms including General Catalyst, Lightspeed Venture Partners, Intact Ventures, Founders Fund, CRV, and Shield Capital. With headquarters in San Francisco, Resilience is globally dispersed, with teams in New York, Chicago, Los Angeles, Baltimore, Toronto, London, and Dublin. Resilience offers insurance coverage through its licensed and appointed insurance agency, and security services through its expert security team. The Resilience Solution is available through all broker partners to clients in the United States, United Kingdom, Canada, and Europe.