United Risk introduces Thriver

United Risk, a subsidiary of Applied Underwriters, has launched Thriver , a new division offering an alternative for security deposits.

The new product can be integrated with software used by property managers and the Thriver team is led by Matthew Mayberry, a former VP at Jetty.

The unit will begin writing business in the fourth quarter of this year.

“With our seasoned, professional leadership team headed by Matthew Mayberry, CEO, Thriver is engaging with distribution partners now focusing on the multi-family residential real estate market in the US, and will begin writing business in the fourth quarter of this year. Our goal, as always, involves a patient commitment to the business centered on the fundamentals of distribution through strong branding, a solid underwriting framework, and superior risk management. Others in this space have fallen short sponsored by non-insurance investors who stress the business proposition for fast, although short-lived, financial gains. Thriver possesses financial and technological strengths that present a winning plan.” – Rick Christofer, Chief Commercial Officer, United Risk.