Cyber insurer Resilience has expanded its operations in the European market now supporting clients in Ireland, Spain, Italy, Sweden, and Denmark.
The EU launch comes on the heels of the successful launch of the Resilience Solution in the US and UK markets. Its expansion to other countries will follow soon, according to the announcement.
In a deal brokered by Lockton Re LLP, European clients will have access to the newly launched Resilience Solution and up to $5 million in limits, with coverage backed by HDI Global Specialty SE.
Vishaal “V8” Hariprasad, CEO & Co-Founder of Resilience, commented: “We’ve built an approach to help enterprises better manage their cyber risk with measurable results. Even as threats like ransomware surged in late 2022, we saw the benefits of building a continuous relationship with our clients — and they saw a marked improvement from the status quo.
“Together with our growing team and incredible set of partners, we are opening the doors to serve more clients in Europe, bringing this approach to more businesses around the world.”
Resilience’s broker partners will be supported by a team of industry-leading underwriters with decades of combined experience in the cyber market.
Joining the Resilience team to support European operations are: Andrea Nicelli, Head of Italy and Spain; Edoardo Zorzin, Senior Underwriter, Spain; Cailee Steininger, Senior Underwriter, Ireland and Nordics; Giusy Boccia, Underwriting Assistant, Europe.
“The European market is incredibly complex in terms of cyber and regulatory risk,” said Mario Vitale, President of Resilience. “Having a solution that not only provides risk transfer but also helps clients understand their unique threat exposure is a game changer for enterprises across the continent.”
