XS Brokers Announces Cyber Insurance Division Launch
In a significant move, XS Brokers, a prominent independent insurance underwriting and wholesale brokerage group, recently declared the formation of a Cyber Liability product division. This new division will be under the leadership of Scott Burns, who serves as Senior Vice President.
Understanding the Need for Cyber Liability Insurance
As businesses and consumers increasingly rely on digital platforms, the risks associated with cyber threats have escalated. This transformation has made Cyber Liability insurance a critical coverage option for many organizations. Scott Burns emphasized that staying ahead of the evolving needs of retail clients is essential. The creation of this division aims to address the rapid growth of Cyber Liability insurance needs that have proliferated in recent years.
Scott Burns Steps into Leadership Role
Scott Burns joined XS Brokers in 2018, diving deep into the nuances of Cyber Liability as a specialist. His contributions have been instrumental in augmenting the organization’s capabilities, gaining trust among leading carriers, and solidifying XS Brokers' position as a recognized provider of Cyber solutions nationwide. "Our mission is to expand our sales and collaborate effectively with both carrier and retail partners," Burns noted as he shared his excitement about his new role.
Vision for Future Growth
Burns has expressed his commitment to building the Cyber Liability division from the ground up. He is focused on driving innovative solutions and strategies tailored to meet the unique challenges faced by retail partners. His experience over 12 years in the insurance field will support this vision. "I am eager to see how we can achieve remarkable growth milestones together," he affirmed. This new initiative coincides with XS Brokers' dedication to providing top-notch insurance solutions and responding to the dynamic risk landscape.
About XS Brokers
XS Brokers Insurance Agency is an independent binding authority and wholesale brokerage group, operating from its headquarters in Massachusetts. This reputable agency has established offices across the Northeast and Southeast regions, offering a wide range of insurance coverage solutions tailored specifically for retail agents and brokers. Since its inception in 1978, XS Brokers has emphasized personal and commercial lines, excelling in service and market agility to bolster the growth of retail agents. Licensed in all 50 states, the company boasts over 30 binding authority facilities and carries a remarkable track record of 17% year-on-year growth over the past decade.
Contact Information
For further inquiries, you can reach Eric Wirkus at 617.890.4242.
Frequently Asked Questions
What is the purpose of the Cyber Liability division at XS Brokers?
The Cyber Liability division aims to provide innovative coverage solutions to meet the evolving risks faced by businesses in the digital landscape.
Who is leading the new Cyber Insurance division at XS Brokers?
Scott Burns, Senior Vice President, is appointed to lead the Cyber Insurance division, bringing substantial expertise to the role.
Why is Cyber Liability insurance important for businesses?
As cyber threats continue to grow, Cyber Liability insurance becomes essential for protecting businesses against potential losses and data breaches.
When did Scott Burns join XS Brokers?
Scott Burns joined XS Brokers in 2018 and has since been dedicated to enhancing capabilities in Cyber Liability insurance.
What has been XS Brokers' growth trend?
XS Brokers has achieved consistent growth, boasting a 17% year-on-year increase for the last 10 years, establishing a solid market presence.
