Converge Insurance, a leading provider of cyber insurance solutions for wholesale brokers, has secured additional underwriting capacity through a new partnership with Obsidian Insurance Group.
This strategic alliance aims to reinforce Converge’s position as a preferred cyber insurance provider, helping the company meet the rising demand for comprehensive cyber coverage solutions, according to the Coverager.
Converge Insurance specialises in offering innovative cyber insurance products tailored to the needs of wholesale brokers.
Its suite of solutions includes primary and excess cyber coverage through ConvergeElements, integrated cyber coverage with technology providers via ConvergeConnect, and broker-accessible cyber coverage through its API products.
Obsidian Insurance Group, known for its expertise in providing fronting and underwriting solutions, supports leading programme managers and reinsurers with flexible and efficient capacity.
This collaboration with Converge reflects Obsidian’s commitment to fostering innovative insurance organisations.
By partnering with Obsidian and a panel of top-tier reinsurers, Converge will now be able to expand its range of offerings, providing wholesale brokers with more comprehensive and seamless access to cyber coverage.
“We are excited to collaborate with Converge and a panel of top reinsurers to help meet the rising demand for cyber insurance. This partnership aligns with our commitment to supporting innovative and superior underwriting organizations that are paving the way in cyber insurance with responsible strategies that put the insured first,” Obsidian CEO Bill Jewett said.
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