Trium & Wikifri enter commercial E&S property insurance space

Wikifri, an insurance consulting firm and provider of the Insurance Daylight Data Solution, is collaborating and supporting Trium Cyber US Services, Inc., a US-domiciled Lloyd’s coverholder and underwriter, in expanding their insurance offerings to include commercial E&S property insurance.

Following the successful launch of their cyber operations in January 2023 with Wikifri’s expertise, Trium is now harnessing market opportunities in the E&S property space.

Josh Ladeau, Chief Executive Officer, Trium, commented, “Wikifri’s iBOOM framework provided a robust foundation for our property insurance operations, just as it did with cyber. Their partnership is invaluable; they’ve repeatedly proven their unmatched acumen in constructing and launching successful insurance operations.”

Wikifri’s iBOOM (Insurance Business-Oriented Operating Model) facilitated the establishment of Trium’s property operation. This robust framework ensured the precise documentation of capabilities, fostering alignment and encouraging collaboration with technology vendors for the property underwriting operation.

Brandon Beauregard, Head of Property, Trium added, “Wikifri’s consulting and advisory services have been pivotal to our ability to launch our new property division with confidence and speed-to-market.”

Bill Freitag, Wikifri representative, commented, “In a world where agility is paramount, insurers must create their operating models with precision before venturing into new domains.

“Our iBOOM framework is tailored to enable such speed and agility. Having previously partnered with Trium, the addition of property insurance was a natural progression, executed seamlessly due to our deep understanding of their business ethos and objectives.”