Bermuda insurance leader joins Resilience to accelerate move upmarket
Resilience, a managing general agent (MGA) providing cyber insurance and security solutions, has hired a Bermuda insurance leader with a background at Liberty Specialty Markets, Ironshore and Allied World to accelerate its expansion into the large enterprises account space.
Dan Rance will join the MGA as head of Resilience Bermuda and global head of large accounts to help accelerate delivery of its cyber resilience solution for large enterprises, thereby helping mid-market companies manage their cyber risk holistically.
Rance has over 14 years of experience in the Bermuda market, most recently serving as Liberty Specialty’s head of financial lines for Bermuda. In this role, he grew a portfolio of excess liability business, serving a client base of Fortune 500 organisations.
Resilience believes his hiring will help secure capacity to support large enterprise clients who are seeking a more sophisticated risk transfer and mitigation solution than is currently available in either the security or insurance markets.
“There is a huge opportunity to shift how insurance is connected with how cyber risk is managed,” said Rance. “This will require more creative capacity solutions than exist in the market today. Bermuda has been a leader in innovation in the cyber insurance market and I am incredibly excited to join the Resilience team in leading their efforts to grow into the large enterprise space.”
Vishaal Hariprasad, Resilience CEO, said: “Resilience was built to fit a critical need for sophisticated enterprises who require a continuous solution to simplifying and holistically managing their cyber risk. After successfully launching this new model in the mid-market space, we are excited to bring on talented leaders like Dan who will help us secure the capacity to provide the insurance side of the equation to large enterprise customers.”
Mario Vitale, president of Resilience Cyber Insurance Solutions, added: “With our recent expansion of underwriting authorities extending to companies of $7.5 billion in revenue, Resilience is excited to further expand its model to larger enterprises. Dan has the proven track record as a leader in the Bermuda market to help us accelerate our growth into larger accounts and deliver on our vision of moving the entire market towards a Cyber Resilient approach.”
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