Reinsurance News

Munich Re’s HSB acquires new SMB-focused cybersecurity platform

22nd October 2021 - Author: Charlie Wood

Munich Re-owned specialty insurer HSB has acquired a digital cybersecurity platform from cybersecurity firm Zeguro, including a suite of management tools and services designed for small businesses.

The addition of Zeguro’s cyber safety solution and key personnel is expected to strengthen the overall cybersecurity offering of HSB.

The platform offers integrated online access to cybersecurity training, compliance policies, and web application monitoring for small and mid-size businesses.

“A business needs both cyber insurance and security,” said Timothy Zeilman, vice president for HSB, part of Munich Re.

“The combination of HSB’s cyber coverage and Zeguro’s proven risk management platform offers a seamless experience for our customers to get the protection they need.”

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HSB holds over 15 years’ experience in the cyber insurance space and hopes Zeguro’s knowledge and experience with cybersecurity tools will help it keep pace with evolving cyber exposures.

“We’re excited to join HSB and Munich Re,” said Sidd Gavirneni, Zeguro founder and chief executive officer.

“It’s a great opportunity to enhance the Zeguro Cyber Safety Solution while creating unique insurance protection for small businesses.”

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