Cyber Insurance Pure-Play Resilience Creates Captive — “Putting Its Money Where Its Mouth Is”

“’Coming off a very successful first year in the market, this is an excellent time to put our money where our mouth is and take a share of the risks we are writing alongside our (re)insurance partners,’ he (CJ Pruzinsky, executive vice president and chief underwriting officer for North America at Resilience) said.”

The Bermuda-based captive will help Relience expand into the UK/Europe, Pruzinsky added.

Source: Cyber MGA Resilience Forms Captive Insurer in Bermuda

Mark Sauter

Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.