DeNexus continues European expansion

DeNexus, a provider of second-generation cyber risk modelling for industrial organisations, global re/insurers and investors in insurance-linked securities (ILS), has opened an office in London as part of its strategy to build out its cyber expertise in Europe.

The London office is led by Mitesh Chauhan, global VP Product, who joins from Entrust, where he was global product director of Cloud & Security Services. Also joining the London office is data scientist Nicholas Robert, who is joining from the London office of content delivery network, Cloudflare.

DeNexus has developed its DeRISK platform, a second-generation cyber risk modelling platform, which helps industrial organisations, underwriters, reinsurers, and ILS investors to fully understand the real risks associated with cyber breaches.

“The opening of our offices in Lugano, Switzerland last summer, and now in London, UK, are important steps for DeNexus as we build out our presence in Europe to grow our technology business and to enable cyber risk for the risk transfer industry at scale,” said Jose Seara, chief executive officer at DeNexus. “The new office in London gets us closer to one of the hubs for the risk transfer–insurance business–so we can better serve their cyber data needs.”

Chauhan added: “I am honoured to head up DeNexus’ London office, and to be part of a team bringing the benefits of the DeNexus Trusted Ecosystem to more stakeholders. The DeNexus Trusted Ecosystem is a combination of data integrity, encryption and anonymization tools, security standards and certifications, trusted and certified infrastructure, policies and procedures which enable strict control over the dissemination of data among cyber risk owners, managers, and the cyber risk transfer industry at large.”