Canadian insurtech expands into US

Canadian insurtech expands into US | Insurance Business America

Canadian insurtech expands into US

Toronto-based cyber insurtech BOXX Insurance has announced that it is expanding to the US. The company has appointed Hilario Itriago as president of BOXX USA. The expansion comes on the heels of a $10 million Series A funding round.

Itriago, who is based in Miami, has been instrumental in the expansion of the insurtech ecosystem in the US and Latin America, BOXX Insurance said. Itriago joins the company after leading and developing venture company Rokk3r’s insurtech division, which acquired the company he co-founded in 2016. Prior to that, Itriago served at RSA Insurance’s Latin American division as COO and then CEO.

“We are thrilled to welcome Hilario to the team,” said Vishal Kundi, co-founder and CEO of BOXX. “[Co-founder Mike Senechal] 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.”

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“There is no doubt that cyber is the next frontier in risk management and prevention,” Itriago said. “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.”