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Zurich Holding Company of America acquires cyber firm SpearTip

15th August 2023 - Author: Kane Wells

Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, has acquired SpearTip, a cyber counterintelligence firm that helps protect clients against cyber threats through proactive and response services.

According to the firm, this acquisition expands the cyber risk mitigation services available from Zurich Resilience Solutions, a global division of Zurich’s Commercial Insurance Business, to support customers’ growing needs for “comprehensive cyber risk management support amidst a challenging risk landscape.”

Tom Fioretti, Head of North America Zurich Resilience Solutions, commented, “Both Zurich Resilience Solutions and SpearTip share a commitment to helping businesses anticipate and prevent cyber threats while being ready to respond when an attack occurs.

“The acquisition of SpearTip represents a further step towards bringing powerful cybersecurity controls to our U.S. customers, helping strengthen their business operations.”

David Shluger, VP of Cyber Risk Services for Zurich Resilience Solutions, said, “For more than two years, we have worked closely with SpearTip and have seen firsthand their impressive cyber technical capabilities.

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“The combination of their technical capabilities with Zurich’s service excellence extends the capabilities of the Zurich Resilience Solutions’ Cyber Services Team to bring a full suite offering to our customers.”

SpearTip has been providing cyber risk mitigation services since 2005 and helps organisations identify their cyber risks and vulnerabilities.

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