Zurich Holding Company of America acquires cyber counterintelligence firm SpearTip

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08/14/2023 - 11:00 AM

Acquisition expands the capabilities and risk mitigation services of Zurich Resilience Solutions' Cyber Team.

SCHAUMBURG, Ill., Aug. 14, 2023 /PRNewswire/ -- Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, has acquired SpearTip, a cyber counterintelligence firm that helps protect clients against cyber threats through proactive and response services. This acquisition expands the cyber risk mitigation services available from Zurich Resilience Solutions, a global division of Zurich's Commercial Insurance Business, to support customers' growing needs for comprehensive cyber risk management support amidst a challenging risk landscape.

The acquisition of SpearTip represents a further step towards bringing powerful cybersecurity controls to our customers.

"Both Zurich Resilience Solutions and SpearTip share a commitment to helping businesses anticipate and prevent cyber threats while being ready to respond when an attack occurs," said Tom Fioretti, Head of North America Zurich Resilience Solutions. "The acquisition of SpearTip represents a further step towards bringing powerful cybersecurity controls to our U.S. customers, helping strengthen their business operations."

Zurich Resilience Solutions employs an in-house team of Cyber Risk Management specialists who provide objective assessments of businesses' cybersecurity posture and unique threat environment, with consultative support to strengthen overall cyber resilience. SpearTip has been providing cyber risk mitigation services since 2005 and helps organizations identify their cyber risks and vulnerabilities by offering services within three main functional areas:

Managed Detection and Response/Security Operations Center Service
Incident Response including Digital Forensics
Advisory Services

"For more than two years, we have worked closely with SpearTip and have seen firsthand their impressive cyber technical capabilities," said David Shluger, VP of Cyber Risk Services for Zurich Resilience Solutions. "The combination of their technical capabilities with Zurich's service excellence extends the capabilities of the Zurich Resilience Solutions' Cyber Services Team to bring a full suite offering to our customers."

For more information about Zurich's Cyber Risk Management services, go to Zurichna.com/risk/cyber-risk-engineering-services.

About Zurich North America

Zurich North America is one of the largest providers of insurance solutions and services to businesses and individuals. Our customers represent industries ranging from agriculture to technology. Zurich North America is part of Zurich Insurance Group (Zurich), a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience.

Reflecting its purpose to "create a brighter future together," Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and has the highest-possible ESG rating from MSCI. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil.

The Group has about 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at http://www.zurich.com/ and http://www.zurichna.com/.

In the United States, Zurich Resilience Solutions' services are provided by SpearTip, LLC and The Zurich Services Corporation. For more information about the products and services Zurich Resilience Solutions offers in the United States, go to www.zurichna.com/risk.

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