Resilience extends RSA binding authority to write via London
Cyber insurance MGA Resilience has expanded its partnership with RSA to underwrite US-based risks on a surplus lines basis out of London. The initiative will complement Resilience’s domestic operations and provide a solution for US clients who require or prefer to access cyber insurance capacity in London.
Under Resilience’s arrangement, US-based clients can benefit from:
- Wholesale appetite: Resilience has expanded the territorial limits of its binding authority with RSA to underwrite US-based risks for companies between $75M and $10B in revenue via the London market.
- Local expertise with global reach: Resilience can support US-based firms with risk exposure in the UK and EU with local support for both Resilience Essential and Edge Solution.
- Complement US operations: UK wholesale offering will complement Resilience’s US underwriting efforts by providing insurance for clients who require or seek capacity out of London.
“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. 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.” – George Kotsiopoulos, president of insurance for Resilience.
“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 benefit from our unique approach to assessing, mitigating, and transferring risk.” – Jack Jenner, managing director of international insurance for Resilience.
