Resilience launches in UK

US-based cyber insurer Resilience will launch a new operation in London to serve the UK market.

In a deal brokered by Lockton Re, the expansion is backed by a capacity agreement with HDI Global Specialty SE.

“The UK market is significantly under-served, presenting a commercial opportunity to help the country’s businesses protect themselves from the ever-growing cyber-risk threat,” Resilience said, adding that it “looks forward to partnering with brokers to help enterprises across the UK become cyber resilient.”

To prepare for this market launch, Resilience has made multiple strategic hires throughout the second and third quarters of 2022, including newly-appointed head of international distribution and strategy, Jack Jenner (formerly of global financial institutions Allianz and Zurich).

Other staff have been drawn from Allianz Global Corporate & Specialty, Chubb, and Tokio Marine Kiln.

Kyle Bryant, Resilience’s international chief underwriting officer, will lead the UK expansion. Prior to joining Resilience in 2021, Bryant was responsible for Chubb’s overseas general insurance business, where he oversaw the strategy, development, and financial performance of the cyber and technology lines of business in international markets, based out of London.

Mario Vitale, president of Resilience’s cyber insurance solutions division, said: “To rewrite the rules of how companies manage their cyber risk, you need innovative thinking and a new approach to it. That’s why we’re so excited by our recent UK leadership hires, who integrate the UK and European cyber underwriting expertise with deep cybersecurity experience. Every company’s cyber risks are both unique and local, as well as universal and global. Our combination of expertise gives us the unrivaled ability to work with truly holistic thinking around a company’s cyber risk posture.”