DeNexus bolsters re/insurance coverage experience with key appointment

Cyber threat 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 threat options.

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

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

“George shall be an asset to the DeNexus group and strategically important in our mission to construct the worldwide customary of business cyber threat quantification for businesses, shareholders, traders, boards, and threat switch market. I firmly imagine that insurance coverage is a compulsory device for the correct administration of cyber threat, and growing the secondary market and attracting different capital is a should for environment friendly cyber threat 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 threat. 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 group,” Mawdsley mentioned. “They’ve a superior cyber threat 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 threat with different capital and actually make an impression on the cyber insurance coverage market.”

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