Cyber risk company Resilience has expanded its global offering by launching a new operation in London to serve the UK market.
In a deal brokered by Lockton Re, the expansion is backed by a capacity agreement with HDI Global Specialty SE.
Vishaal Hariprasad, CEO and Co-Founder of Resilience, commented, “The last couple of years made it clear: you can’t separate your cyber insurance from your cybersecurity if you want to manage your cyber risk correctly.”
“We’ve instead got to break the silos across Risk, Cybersecurity, and Financial experts at a company and look at cyber risk holistically. Our goal is cyber resilience: continuously improving companies’ risk profiles by connecting their coverage with their cybersecurity plan to reinforce great cyber hygiene.”
Partnering with Hariprasad is insurance industry leader Mario Vitale, President of Resilience Cyber Insurance Solutions.
Vitale brings more than four decades of experience in various senior leadership positions across the insurance industry, including leading roles at Willis Towers Watson and Zurich Financial Services.
He added, “To rewrite the rules of how companies manage their cyber risk, you need innovative thinking and a new approach to it.”
“That’s why we’re so excited by our recent UK leadership hires, who integrate the UK and European cyber underwriting expertise with deep cybersecurity experience. Every company’s cyber risks are unique, local, universal, and global.”
“Our combination of expertise gives us the unrivalled ability to work with truly holistic thinking around a company’s cyber risk posture. And most of all, we are proud to always be broker-first – we roll up our sleeves and work with our broker partners to find the right solution for clients.”
Leading Resilience’s expansion is Kyle Bryant, International Chief Underwriting Officer.
Before joining Resilience in 2021, Bryant was responsible for Chubb’s Overseas General Insurance, where he oversaw the strategy, development, and financial performance of the Cyber and Technology lines of business in international markets, based out of London.
To prepare for this market launch, Resilience has made multiple hires throughout the second and third quarters of 2022, including senior underwriting professionals with experience drawn from Allianz Global Corporate & Specialty, Chubb, and Tokio Marine Kiln, alongside industry professionals from cybersecurity companies and the UK armed forces.
