Ransomware victims have become less likely to pay extortion demands, but cyber criminals are changing their tactics by hitting third-party vendors and using data exfiltration instead of encryption when making ransom demands, according to a new report by cyber insurer …
Investors in cyber risk solution company Resilience have contributed again – $100 million in a series D equity financing round – a testament to the company’s business model and results, its leaders said. With reports of a decline in investment …
Resilience has promoted CJ Pruzinsky to global head of underwriting & sales. Previously, he led the underwriting team from the launch of the company’s managing general agency. Pruzinsky will spearhead the introduction of the Resilience Solution into the global cyber …
The California Governor’s Office of Planning and Research announced $8 million in project awards through Round I of the Adaptation Planning Grant. The grant, funded through Gov. Gavin Newsom’s 2021-2022 climate budget and established through state law, are to support …
Egglestone Global Head of Claims at Resilience Resilience today promoted Tom Egglestone to global head of claims. Joining Resilience in July 2022 as international claims leader, UK and Europe, he will now be supporting Resilience clients globally. With prior experience …
Resilience, the San Francisco-based cyber managing general agent, has launched an operation in London to serve the UK market. In a deal brokered by Lockton Re LLP, this expansion is backed by a capacity agreement with HDI Global Specialty SE, …
Quigley Named Ascot’s Head of Surety Ascot appointed Tara Quigley executive vice president and head of Surety. She will be responsible for developing, and managing Ascot’s Surety portfolio across the U.S. Her appointment marks the final stage of Ascot’s entry …
Pittsburgh’s Henderson Brothers Promotes Two Veterans for New Roles Greater Pittsburg insurance agency Henderson Brothers announced two promotions to its professional staff. Thomas Philbin, director of Commercial Lines, has been named director of Mergers and Acquisitions and director of Strategic …
Cyber insurance and security provider Resilience Cyber Insurance Solutions has created a captive reinsurance company. Through the Bermuda-based captive, Resilience will retain a share of each risk it underwrites. CJ Pruzinsky, executive vice president and chief underwriting officer for North …
Resilience, the San Francisco-based cyber managing general agent, announced it has earned delegated authority as a coverholder at Lloyd’s. As a Lloyd’s coverholder, Resilience will be positioned to deliver its comprehensive cyber risk management and insurance solutions to the worldwide …
