DeNexus bolsters re/insurance coverage experience with key appointment

Cyber danger modeling agency DeNexus has bolstered its re/insurance coverage proposition with the recruitment of insurance-linked securities (ILS) skilled George Mawdsley (pictured) as new head of danger options.

Mawdsley joins DeNexus after a decade at Securis Funding Companions, the place he was concerned within the structuring and origination of ILS danger. In line with his LinkedIn, his prior expertise features a position as Lloyd’s Particular Dangers Underwriter at Hiscox in London.

In his new position, Mawdsley will concentrate on growing superior danger switch options for the cyber insurance coverage and ILS markets, using DeNexus’ cyber danger platform DeRISK. Mawdsley will report back to Jose Seara, founder and CEO of DeNexus.

“George can be an asset to the DeNexus crew and strategically important in our mission to construct the worldwide customary of commercial cyber danger quantification for companies, shareholders, traders, boards, and danger switch market. I firmly consider that insurance coverage is a compulsory software for the right administration of cyber danger, and growing the secondary market and attracting various capital is a should for environment friendly cyber danger switch options to develop, and for the market to scale to its full potential,” Seara mentioned.

Seara additionally famous that Mawdsley’s experience within the ILS sector would improve DeNexus’ capability to grasp and navigate the distinctive challenges of securitizing cyber danger. This appointment is seen as a step in the direction of creating revolutionary, purpose-built ILS options.

“I had no hesitation in becoming a member of this stellar crew,” Mawdsley mentioned. “They’ve a superior cyber danger quantification and administration product, and thrilling ambitions to help a cyber ILS market. I’m excited to work side-by-side with DeNexus to successfully join cyber danger with various capital and actually make an affect on the cyber insurance coverage market.”

What are your ideas on this story? Please be happy to share your feedback under.