Following the closure of its Series A financing round and rapid growth in Canada, BOXX Insurance has announced its expansion to the U.S., as well as its appointment of Hilario Itriago as its USA President.
With this expansion, BOXX says it will bring its suite of cyber insurance products to the US, making it easier for American businesses, individuals, and families to insure and defend themselves against cyber threats.
Appointing Hilario Itriago
Itriago, who is based in Miami, has been instrumental in the expansion of the Insurtech ecosystem across the USA and Latin America. He has built an expert reputation over the last five years as investor and growth advisor of a portfolio of early and growth-stage US Insurtech companies. Itriago joins the BOXX team after leading and developing venture company Rokk3r's Insurtech Division, which acquired the company he co-founded in 2016. Prior to this, Hilario was a C-Level executive of RSA Insurance Latin America's Division, where he contributed to its double-digit growth over six years as COO and then as CEO, took command of the successful sale of its US$1.2bn insurance premium business, with operations in six countries and more than 2,000 employees, to Colombian-based holding company Grupo SURA.
Talking about appointing Itriago, Vishal Kundi, CEO of BOXX, said: "We are thrilled to welcome Hilario to the team. Mike and I have known Hilario for nearly as long as we've been building BOXX and his knowledge, experience and passion are going to be huge assets for us. Hilario has spent the last few years on the development side of Insurtech and his decision to join us is an endorsement of and testament to all the work we've put in at BOXX – and we don't take that lightly. We couldn't have asked for someone more capable for this role."
On joining BOXX, Itriago said: "There is no doubt that cyber is the next frontier in risk management and prevention. I'm delighted to join BOXX at such an exciting time for the company, to help drive BOXX's next phase of growth into a market as important as the USA. Vishal and Mike have a bold vision, which the team has been executing relentlessly and I'm incredibly excited to work alongside them to bring BOXX's proposition to such a great market as this.