United Risk Introduces Thriver to Meet Real Estate Industry Demand for Provision of Integrated Security Deposit Waiver Coverage and Technology

Relief from high upfront move-in costs benefits both renters and property managers using Thriver tech advances and insurance resources

NEW YORK, July 14, 2025 /PRNewswire/ -- Mr. Rick Christofer, Chief Commercial Officer, United Risk, announced today that United Risk, among the world's leading MGA platforms, has launched "Thriver," a new division that addresses the real estate industry's need for a security deposit waiver insurance product that includes seamless platform integration with property managers' software. Thriver is both the name of the company, Thriver, LLC, as well as the name of its consumer-facing product, Thriver^®.

According to Mr. Christofer, Thriver will enable renters to pay a fraction of the cost of a traditional security deposit both alleviating high upfront move-in expenses that can burden lease signing, and, benefiting landlords by accelerating the renter sign-on process, decreasing property vacancy time, mitigating risk and decreasing rent defaults and property damage: "With our seasoned, professional leadership team headed by Matthew Mayberry, CEO, Thriver is engaging with distribution partners now focusing on the multi-family residential real estate market in the US, and will begin writing business in the fourth quarter of this year. Our goal, as always, involves a patient commitment to the business centered on the fundamentals of distribution through strong branding, a solid underwriting framework, and superior risk management. Others in this space have fallen short sponsored by non-insurance investors who stress the business proposition for fast, although short-lived, financial gains. Thriver possesses financial and technological strengths that present a winning plan."

Mr. Matthew Mayberry, CEO of Thriver, noted how in recent years municipalities have enacted "Renter's Choice" laws requiring landlords to accept alternatives to traditional lump-sum security deposits: Cincinnati, Ohio, was the first city to do so in 2020, followed by Atlanta, Georgia, and Columbus, Ohio with elected officials in at least 10 other cities and states, from Alabama to California, proposing similar legislation, and he concluded, "We're ideally positioned to expand in this growing market, and by addressing both tenants' and landlords' needs, we are confident Thriver will be a game-changer in the rental market."

Mr. Matthew Mayberry, Thriver's CEO, has significant experience in this space, having served as Senior VP Finance for Jetty after his post as Controller and Head of Financial Planning & Analysis at Prosper Marketplace. He holds a BA in Business from California Polytechnic State University, San Luis Obispo and an MBA from the University of California, Berkeley, Haas School of Business.

Thriver is headquartered in Rockefeller Plaza in New York.

About Thriver (www.getthriver.com)
Thriver provides innovative security deposit alternatives helping renters and property managers retain resources and mitigate risk. Thriver is a division of United Risk Global^®, an international property and casualty insurance and distribution platform owned and operated by its practice partners and affiliated with Applied Underwriters operationally and through its common and powerful brand identity. Insurance carriers utilized by Thriver are rated 'A-' (Excellent) by AM Best, Financial Size Category XV.

About United Risk Global (www.unitedrisk.global)
United Risk Global^® is an international property and casualty insurance underwriting and distribution platform independently owned and operated by its practice partners and affiliated with Applied Underwriters operationally and through its common and powerful brand identity. United Risk's home office is located at 50 Rockefeller Plaza in New York.

SOURCE Applied Underwriters