Resilience launches London wholesale market facility with RSA

By Rebecca Delaney

Feb 20 - (The Insurer) - Cyber insurtech Resilience has announced a London wholesale market facility in partnership with RSA to underwrite U.S. risks on a surplus lines basis.

The new facility expands the territorial limits of Resilience's binding authority with RSA to enable U.S. businesses with revenue between $75 million and $10 billion to access capacity from the UK insurer.

Resilience said the new wholesale offering complements its domestic operations while providing a solution for U.S. clients that require or prefer to access cyber insurance capacity in London, particularly those with risk exposure in the UK and EU.

Jack Jenner, managing director of international insurance at Resilience, added: “Clients in the U.S. 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 can benefit from our unique approach to assessing, mitigating, and transferring risk.”

In January, Cyber Risk Insurer reported that Resilience grew premiums by more than 40% to around $180 million in 2024, while policy count increased by 57% year on year.

In a memo to staff seen by this publication, CEO Vishaal Hariprasad said the cyber insurtech’s premium figures were roughly 90 percent of its $200mn target, but that it outperformed competitors on new business growth and that its number of bound policies were around 27 percent above planned.