Hiring is key to expansion to bring the Cyber Resilience model to large enterprise customers
SAN FRANCISCO, January 25, 2023 /PRNewswire/ — resiliencethe next generation cyber risk solutions company, is proud to announce Dan Rance will help accelerate the delivery of their cyber resilience solution to large enterprise customers as Head of Resilience Bermuda and Global Head of Large Accounts. With loss ratios less than half the industry average, record growth doubling the business in 2021, and underwriting authorities expanding to serve businesses up to $7.5 billion In terms of revenue, this cyber resilience approach has proven to be extremely successful in helping midsize companies manage their cyber risks holistically. Rance will support the development and roll out of this solution in the accounts space of large companies.
Rance brings over 14 years of experience in the Bermudas Market, where he most recently served as Head of Financial Lins at Liberty Specialty Bermudas. In this role, he built a portfolio of excess liability businesses and served a client base of Fortune 500 companies. His hiring will help Resilience secure capacity to support large enterprise customers seeking a more sophisticated risk transfer and mitigation solution than is available in the security or insurance markets today.
The Resilience solution provides enhanced cybersecurity visibility and actionable cyber hygiene recommendations coupled with responsible risk transfer. This holistic approach to leveraging insurance with cybersecurity technical visibility helps ensure clients are extortion resilient and is backed by claims data showing resilience policyholders are half as likely to pay ransomware extortions.
“Resilience was designed to address a critical need of demanding organizations that require a continuous solution to simplify and holistically manage their cyber risks,” said Vishaal “V8” Hariprasad, CEO of Resilience. “Following the successful launch of this new mid-market model, we are excited to hire talented executives like Dan who will help us secure the capacity to offer the insurance side of the equation to large corporate customers.”
“With our recent extension of signing authority, extending to companies of $7.5 billion in terms of revenue, Resilience looks forward to expanding its model to larger companies,” said Resilience Mario Vitale, President of Resilience Cyber Insurance Solutions. “Dan has a proven track record as a leader in the industry Bermudas market to accelerate our growth into larger customers and realize our vision to move the entire market towards a cyber-resilient approach.”
“There is a huge opportunity to transform the way insurance is connected to cyber risk management,” said Rance. “This requires more creative capacity solutions than are on the market today. Bermudas is an innovation leader in the cyber insurance market and I’m incredibly excited to join the Resilience team and lead their efforts to grow into the large enterprise space.”
Resilience has shown that the strongest companies align their technology investments with financial understanding of the most critical risks to their business. Your move into the enterprise realm will be fueled by early investments in scalable security integrations and risk assessment modeling technology that quantify and reduce risk in complex enterprise networks.
Rance holds a Bachelor of Business Administration from Mount St. Vincent Universityin Halifax, Canada, along with the designations CPCU, RPLU, ARM, and ARe. He will call Mario Vitaleand will be based in Resilience Bermudas Offices.
Resilience helps mid-size to large businesses connect their cyber insurance protection with advanced cyber security visibility and actionable cyber hygiene. Her recently launched new website (www.cyberresilience.com) and campaign entitled “Rewriting the Rules of Risk”; advocate a unique approach to integrating technology, business and behavior to break down barriers between risk management, information security and financial leaders.
Resilience is proud to be backed by leading technology investment firms including General Catalyst, Lightspeed Venture Partners, Intact Ventures, Founders Fund, CRV and Shield Capital. Based in san franciscoThe Resilience team is distributed worldwide, with offices in new York, Chicago, Baltimore, Torontoand London. Resilience provides insurance coverage through its licensed and appointed insurance agency and security services through its experienced security team.
Visit www.cyberresilience.com for more information.