Cyber risk solutions provider Resilience has expanded into Germany and Austria, appointing Thorsten Mairhofer as head of the region to lead local operations.
The company will offer cyber insurance and tech E&O cover for firms with revenues from €25m to over €10bn, with up to €10m in cyber limits.
Mairhofer, previously a cyber underwriter at QBE Europe and Chubb, brings deep expertise in cyber and financial lines insurance.
Resilience managing director, international, Jack Jenner said, “We look forward to serving German and Austrian clients as we bring our proven approach to cyber risk to these markets. Resilience has pioneered a new way of approaching cyber risk. It translates companies’ security and IT risks into financial terms so they can be addressed as business risks to be accepted, mitigated, or transferred via cyber insurance. This approach is very relevant in Europe as cyber attacks continue escalating and business leaders seek a more effective way to address potential risks from attacks and outages.”
Resilience head of international underwriting Rehan Hussain said, “We are privileged to be able to serve our partners with direct in-market support under Thorsten’s leadership in Germany and Austria. With Thorsten’s experience and knowledge, we are confident that he has the trust of partners as together we help tackle the biggest challenges in measuring, mitigating, and managing cyber risk in mid-size and large organisations.”
Source: https://fintech.global/
