DeNexus, a provider of second-generation cyber risk modelling for industrial organisations, reinsurers and investors in insurance linked securities (ILS), has opened an office in Lugano, Switzerland.
The company has recruited Marco Sabitini and Mario Pio Gioiosa to the Lugano office, with plans to add more members to the team soon.
Senior Software Architect Marco is the Co-Founder of Software Craftmanship Ticino, and he joins from Nozomi Networks, where he worked as a software engineer. Mario joins from lastminute.com, where he was Technical Reference and Software Engineer.
They will help DeNexus to further develop credible modelling on financial impact of cyber breaches for the cyber risk management and risk transfer communities, and they will report to DeNexus Chief Technology Officer Alessandro Nepoti.
DeNexus CTO Alessandro Nepoti said: “Switzerland is an ideal base for us to open our European operations, as it combines German, eastern and southern European influences and it is a traditional hub for the insurance business.”
“The cyber risk management and risk transfer communities need to trust the numbers when it comes to cyber breaches, and for that, you need to attract the top software talent, which we have done with the appointments of Marco and Mario, who bring unique software and big data experience to DeNexus.”