He’ll deal with superior danger switch options utilizing the agency’s cyber danger platform
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 function as Lloyd’s Particular Dangers Underwriter at Hiscox in London.
In his new function, Mawdsley will deal with creating 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 shall be an asset to the DeNexus crew and strategically vital in our mission to construct the worldwide normal of business cyber danger quantification for businesses, shareholders, buyers, boards, and danger switch market. I firmly consider that insurance coverage is a compulsory device for the correct administration of cyber danger, and creating 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 know and navigate the distinctive challenges of securitizing cyber danger. This appointment is seen as a step in the direction of creating modern, 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 assist 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 influence on the cyber insurance coverage market.”
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