DeNexus hires former Securis ILS exec George Mawdsley

DeNexus, a specialist provider of cyber risk quantification tools and software, has announced the hiring of George Mawdsley as the firm’s first Head of Risk Solutions, joining from his most recent role at ILS manager Securis Investment Partners.

Mawdsley had worked at insurance-linked securities (ILS) specialist Securis Investment Partners LLP for a decade, with a focus on the origination and structuring of reinsurance-linked investment opportunities.

Prior to Securis, Mawdsley had worked as a Lloyd’s Special Risks Underwriter at Hiscox in London for just over three years.

He now joins cyber risk focused DeNexus at a key time for the cyber insurance-linked securities (ILS) market, given the emergence of 144A cyber catastrophe bond activity this year.

As Head of Risk Solutions at DeNexus, Mawdsley will report into the CEO and founder of the firm Jose Seara and have a focus on developing next generation risk transfer solutions for the cyber insurance and ILS markets, leveraging DeNexus’ cyber risk quantification and management platform DeRISK.

“George will be an asset to the DeNexus team and strategically critical in our mission to build the global standard of industrial cyber risk quantification for agencies, shareholders, investors, boards and risk transfer market,” commented Jose Seara, Founder and Chief Executive Officer of DeNexus. “I firmly believe that insurance is a mandatory tool for the proper management of cyber risk, and developing the secondary market and attracting alternative capital is a must for efficient cyber risk transfer solutions to develop, and for the market to scale to its full potential. It is DeNexus’ aim to build up our expertise in order to properly service the cyber risk transfer market, building up from the years of experience serving cyber risk owners, and the knowledge and cyber data accumulated in that process.

“George’s experience in origination in the ILS space will further strengthen DeNexus’ understanding of the complex and unique challenges facing ILS investors when securitizing cyber risk, and help us to create innovative fit-for-purpose ILS solutions for the future.”

“I had no hesitation in joining this stellar team,” added Mawdsley. “They have a superior cyber risk quantification and management product, and exciting ambitions to support a cyber ILS market. I am excited to work side-by-side with DeNexus to effectively connect cyber risk with alternative capital and really make an impact on the cyber insurance market.”