Cyber risk solutions firm Resilience has announced that Dan Rance will be joining as Head of Bermuda and Global Head of Large Accounts.
Resilience states that the appointment will help it secure the capacity to support large enterprise clients who are seeking a more sophisticated risk transfer and mitigation solution than is currently available in the security or insurance markets.
Rance holds over a decade and a half of experience in the Bermuda market, having most recently served as Liberty Specialty’s Head of Financial Lines where he grew a portfolio of excess liability business serving a client base of Fortune 500 organisations.
He commented on his new appointment, stating, “There is a huge opportunity to shift how insurance is connected with how cyber risk is managed. This will require more creative capacity solutions than exist in the market today.
“Bermuda has been a leader in innovation in the cyber insurance market and I am incredibly excited to join the Resilience team in leading their efforts to grow into the large enterprise space.”
Mario Vitale, President of Resilience Cyber Insurance Solutions, and to whom Rance will report, added, “With our recent expansion of underwriting authorities extending to companies of $7.5 billion in revenue, Resilience is excited to further expand its model to larger enterprises.
“Dan has the proven track record as a leader in the Bermuda market to help us accelerate our growth into larger accounts and deliver on our vision of moving the entire market towards a Cyber Resilient approach.”
The firm suggests that with loss ratios less than half the industry average, record growth doubling 2021 business, and expansion of underwriting authorities to serve enterprises up to $7.5 billion in revenue, the Cyber Resilience approach has proven highly successful at helping mid-market companies manage their cyber risk holistically.
Vishaal “V8” Hariprasad, Resilience CEO, said, “Resilience was built to fit a critical need for sophisticated enterprises who require a continuous solution to simplifying and holistically managing their cyber risk.
“After successfully launching this new model in the mid-market space, we are excited to bring on talented leaders like Dan who will help us secure the capacity to provide the insurance side of the equation to large enterprise customers.”