Reinsurance News

Fenix24 appoints Marko Polunic EU managing director

13th April 2023 - Author: Kassandra Jimenez-Sanchez -

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Cyber disaster recovery firm Fenix24, and sister company of Conversant Group, has announced the appointment of Marko Polunic as managing director for EU operations.

Based in Munich, Polunic will spearhead efforts to expand Fenix24’s offering into the EU and globally by fostering relationships with ecosystem partners – such as law firms, insurance brokers and cyber insurance carriers.

Fenix24 provides a professional cybersecurity force focused exclusively on restoring companies after cyber breach events.

Polunic has a plethora of experience in the incident response industry, leading the development of the cyber insurance underwriting market for one of the leading reinsurance firms, Munich RE, for over a decade.

After Munich RE, he became CrowdStrike’s Director of Business Development for the EMEA region. In that capacity, he built and maintained a broad network of trusted partnerships across the insurance, legal, consulting and private equity spaces while also acting as a trusted point of contact to C-level decision makers.

Commenting on Polunic’s appointment, Mark Grazman, CEO and co-founder of Fenix24, said: “Marko has been influential in establishing cyber reinsurance standards and processes and deeply understands incident response, our partner ecosystem, the global market and cybersecurity.

“He is the ideal thought leader to help us enhance our partnerships with insurance carriers, brokers and the incident response ecosystem globally. We are very excited to welcome him aboard to help drive and guide our phenomenal expansion!”

Fenix24 has also recently received a $5 million investment by Eos Venture Partners, a prominent insurtech investor.

According to the firn, Eos’ investment will support it in serving additional customers and further reducing downtime costs and financial impacts after a cybersecurity incident.