WireX Systems and Brown & Brown Announce Strategic Collaboration to Advance Cyber Risk Management and Insurance Outcomes

Rhea-AI Summary

Brown & Brown (NYSE: BRO) has formed a strategic partnership with WireX Systems to enhance cyber risk management and insurance solutions. WireX Systems, known for its advanced cybersecurity and incident response capabilities, will combine its expertise with Brown & Brown's analytics and brokerage services. The collaboration aims to help organizations respond to cyber incidents more effectively while translating cybersecurity maturity into measurable financial benefits. Brown & Brown, a leading insurance brokerage firm established in 1939, operates across 500+ locations with 17,000+ professionals. The partnership will focus on providing clearer insights into cybersecurity ROI and bridging the gap between technical preparedness and financial resilience in cyber risk management.

Positive

• Strategic partnership combines WireX Systems' cybersecurity expertise with Brown & Brown's established insurance brokerage network
• Potential for improved cyber risk assessment and management solutions for customers
• Enhanced ability to translate cybersecurity measures into financial benefits
• Access to WireX Systems' advanced incident response capabilities for Brown & Brown's extensive client base

Negative

• None.

Insights

Strategic Partnership Analyst

Brown & Brown's cybersecurity partnership enhances its competitive position in the growing cyber insurance market, strengthening its service offerings.

Brown & Brown's strategic collaboration with WireX Systems represents a thoughtful expansion of its cyber risk management capabilities. This partnership combines WireX's specialized incident response technology—which provides rapid answers about data breaches—with Brown & Brown's established risk quantification and insurance brokerage services.

The partnership addresses a critical market need: translating cybersecurity posture into financial terms that affect insurance premiums and coverage. By incorporating WireX's ability to quickly determine what data was accessed and how during security incidents, Brown & Brown strengthens its value proposition in the highly competitive and rapidly growing cyber insurance market.

What makes this partnership particularly valuable is its focus on evidence-based risk assessment. Rather than relying on theoretical models, the collaboration will allow Brown & Brown to offer more precise risk quantification based on actual security capabilities and incident response readiness. This positions the company to potentially capture greater market share in the cybersecurity insurance segment while potentially improving underwriting accuracy.

For Brown & Brown investors, this represents an enhancement to the company's service offerings that should strengthen competitive positioning without significant capital investment. The partnership aligns with the industry trend toward more sophisticated, data-driven cyber risk assessment models that better serve both insurers and their clients by establishing clearer connections between security investments and insurance outcomes.

SUNNYVALE, Calif., June 17, 2025 /PRNewswire/ -- WireX Systems is pleased to announce a strategic collaboration with Brown & Brown to combine its industry-leading cybersecurity solutions with Brown & Brown Risk Solutions' evidence-based risk identification, quantification, and financing process to deliver enhanced risk management and insurance outcomes for their customers.

WireX Systems and Brown & Brown Announce Strategic Collaboration to Advance Cyber Insurance Outcomes

WireX Systems is redefining incident response by providing instant, easy-to-understand answers to the most critical post-incident questions—what data was accessed, and how. Trusted across industries including finance, healthcare, insurance, utilities, manufacturing, government, and technology, the company empowers even junior team members to investigate faster, reduce dwell time, and quickly uncover an incident's full scope and impact.

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm providing enhanced customer-centric risk management solutions since 1939. With a global presence spanning 500+ locations and a team of more than 17,000 professionals. The Risk Solutions business has a dedicated, highly specialized cyber insurance team that acts in an advisory capacity to deliver innovative cybersecurity risk solutions to customers.

Through this collaboration, Brown & Brown and WireX Systems will look to combine WireX Systems cybersecurity and incident response expertise with Brown & Brown's leading analytics and brokerage capabilities to deliver better outcomes for customers. The goal: empower organizations to respond to incidents with speed and clarity, while also translating their cybersecurity maturity into measurable financial benefits. "By looking at the balance sheet risk of loss a firm has based on its cyber maturity, it allows decision makers to assess their investments, the insurance limits they purchase as part of an overall risk tolerance discussion," said Bill Daly, COO of Brown & Brown Risk Solutions.

WireX Systems brings the technical foundation to support that strategy—enabling security teams to move fast, cut through alert noise, and get definitive answers during an incident—what happened, how it happened, and what data was impacted. "By partnering with Brown & Brown," says Tomer Saban, CEO of WireX Systems, "we're turning that operational clarity into meaningful insurance outcomes—reducing residual risk and helping ensure premiums reflect real-world cyber maturity."

This joint effort gives organizations a clearer lens into cybersecurity ROI, bridging the gap between technical readiness and financial resilience.

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SOURCE WireX Systems

FAQ

What is the strategic partnership between Brown & Brown (BRO) and WireX Systems?

The partnership combines WireX Systems' cybersecurity solutions with Brown & Brown's risk management services to enhance cyber risk management and insurance outcomes for customers.

How many locations does Brown & Brown (BRO) operate in 2025?

Brown & Brown operates in over 500 locations globally with more than 17,000 professionals.

What are the main benefits of the Brown & Brown and WireX Systems collaboration?

The collaboration enables faster incident response, better cyber risk assessment, translation of cybersecurity maturity into financial benefits, and improved insurance outcomes for customers.

Who is the CEO of WireX Systems in the Brown & Brown partnership?

Tomer Saban is the CEO of WireX Systems.

What is WireX Systems' main expertise in the Brown & Brown partnership?

WireX Systems specializes in incident response solutions that provide instant answers about data access and breach impacts, helping organizations investigate and respond to cyber incidents quickly.