XS Brokers Expands Operations With New Cyber Insurance Division Under Scott Burns
In a pivotal move towards enhancing its offerings, XS Brokers, a prominent independent underwriting and wholesale brokerage group, has announced the establishment of a new product division dedicated to Cyber Liability. This initiative will be spearheaded by Scott Burns, who has been appointed as Senior Vice President and will oversee the growth and strategy of this essential new segment.
XS Brokers has identified Cyber Liability as a rapidly growing area of need in the insurance market, especially as businesses face increasing risks from digital threats. As indicated by Eric Wirkus, President of XS Brokers, Scott has played a crucial role since joining the company in 2018 as a Cyber Liability Specialist. His expertise has already significantly bolstered the firm’s capacity to deliver cutting-edge solutions to its clients, positioning XS Brokers as a recognized industry leader.
In light of the evolving digital landscape, Wirkus emphasized that staying ahead of the needs of retail clients is essential. Cyber Liability insurance has surged in popularity, with businesses recognizing the importance of protection against cyberattacks, data breaches, and other digital vulnerabilities. Under Scott's leadership, XS Brokers aims to expand its reach and effectiveness within this market, fostering new collaborations with crucial carrier and retail partners.
Reflecting on his new role, Scott Burns articulated his excitement and commitment. With over a decade of experience in the insurance field, he acknowledged the challenges and opportunities that lie ahead. "The dynamic nature of current risks demands that we remain vigilant and innovative. Our goal is to not only meet the existing requirements of our clients but also to anticipate future needs," he stated.
As the newly appointed leader of the Cyber Liability division, Burns will work alongside a dedicated team to create tailored coverage solutions that meet the specific needs of retail agents and their clients. The division's mission will be to enhance awareness and understanding of cyber insurance, promote risk management strategies, and drive significant growth in this critical area of coverage.
XS Brokers, with a history dating back to 1978, has continuously provided a broad range of insurance solutions while maintaining a strong reputation for service excellence and agility in the market. Its impressive growth—achieving a 17% year-over-year increase for the last decade—demonstrates the effectiveness of its strategies and the commitment to adapting to industry changes.
The company operates across the Northeast and Southeast regions of the U.S. and holds licensing in all 50 states. It boasts over 30 binding authority facilities and a network of strategic carrier relationships, all of which will support the Cyber Liability division's development and execution of market strategies.
In conclusion, the launch of the Cyber Insurance division indicates a proactive approach to meet the increasing demands of businesses today. With Scott Burns at the helm, XS Brokers is poised to strengthen its market position and deliver comprehensive cyber insurance solutions that safeguard its clients against an array of digital threats. As the digital landscape continues to develop, this initiative will enable XS Brokers not only to protect but also to empower their clients in navigating the complexities of cyber risks.
XS Brokers has identified Cyber Liability as a rapidly growing area of need in the insurance market, especially as businesses face increasing risks from digital threats. As indicated by Eric Wirkus, President of XS Brokers, Scott has played a crucial role since joining the company in 2018 as a Cyber Liability Specialist. His expertise has already significantly bolstered the firm’s capacity to deliver cutting-edge solutions to its clients, positioning XS Brokers as a recognized industry leader.
In light of the evolving digital landscape, Wirkus emphasized that staying ahead of the needs of retail clients is essential. Cyber Liability insurance has surged in popularity, with businesses recognizing the importance of protection against cyberattacks, data breaches, and other digital vulnerabilities. Under Scott's leadership, XS Brokers aims to expand its reach and effectiveness within this market, fostering new collaborations with crucial carrier and retail partners.
Reflecting on his new role, Scott Burns articulated his excitement and commitment. With over a decade of experience in the insurance field, he acknowledged the challenges and opportunities that lie ahead. "The dynamic nature of current risks demands that we remain vigilant and innovative. Our goal is to not only meet the existing requirements of our clients but also to anticipate future needs," he stated.
As the newly appointed leader of the Cyber Liability division, Burns will work alongside a dedicated team to create tailored coverage solutions that meet the specific needs of retail agents and their clients. The division's mission will be to enhance awareness and understanding of cyber insurance, promote risk management strategies, and drive significant growth in this critical area of coverage.
XS Brokers, with a history dating back to 1978, has continuously provided a broad range of insurance solutions while maintaining a strong reputation for service excellence and agility in the market. Its impressive growth—achieving a 17% year-over-year increase for the last decade—demonstrates the effectiveness of its strategies and the commitment to adapting to industry changes.
The company operates across the Northeast and Southeast regions of the U.S. and holds licensing in all 50 states. It boasts over 30 binding authority facilities and a network of strategic carrier relationships, all of which will support the Cyber Liability division's development and execution of market strategies.
In conclusion, the launch of the Cyber Insurance division indicates a proactive approach to meet the increasing demands of businesses today. With Scott Burns at the helm, XS Brokers is poised to strengthen its market position and deliver comprehensive cyber insurance solutions that safeguard its clients against an array of digital threats. As the digital landscape continues to develop, this initiative will enable XS Brokers not only to protect but also to empower their clients in navigating the complexities of cyber risks.
Topics Financial Services & Investing）
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