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Cyber MGA Resilience sets up captive reinsurer

January 26, 2022

Resilience, a cyber insurance and security solutions managing general agent (MGA), has announced the establishment of a new captive reinsurance company.

Through the captive, Resilience Cyber Insurance Solutions plans to retain a share of each risk it underwrites.

This strategy, Resilience says, will enable additional growth while also helping it to underwrite a profitable and sustainable book in the long-term.

“The foundation of our approach – connecting insurance and security – is about both selecting better risks and making the risks we select better – and that should be the collective objective of every part of the insurance value chain,” said Mario Vitale, CEO of Resilience Cyber Insurance Solutions.

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