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Resilience expands RSA partnership to underwrite US cyber risks via London market

Cyber risk solutions firm Resilience has announced the expansion of its partnership with RSA to underwrite US based risks through the London market on a surplus lines basis.

This initiative complements Resilience’s domestic operations and provides US clients with access to London-based cyber insurance capacity.

As part of the arrangement, Resilience has extended the territorial limits of its binding authority with RSA to underwrite US based risks for companies with revenues between $75 million and $10 billion via the London market.

Resilience also supports US companies with exposure in the UK and EU, offering local assistance for its Resilience Essential and Edge Solution products.

Additionally, its UK wholesale offering will complement US underwriting efforts by providing insurance for clients who require or seek capacity through London.

George Kotsiopoulos, president of insurance for Resilience, said, “We are pleased to expand our offering to service US based companies who want to purchase cyber insurance via the London market. Along with Resilience’s industry-leading integrated cybersecurity and cyber risk solutions, this new wholesale capacity will help our clients and broker partners build insurance towers efficiently, while also increasing the ability to deliver much-needed loss prevention solutions to clients.”

He added, “Resilience’s leadership in the cyber insurance sector stems from our unique combination of a financially proven platform and our model for continuously engaging with clients to manage their risk.”

Jack Jenner, Managing Director of International Insurance for Resilience, explained, “Clients in the US who choose to work with a London based broker can now turn to Resilience to help them drive better outcomes and become more resilient to material losses.

“With this new partnership, we can expand the footprint of companies that can benefit from our unique approach to assessing, mitigating, and transferring risk.”

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