Canadian insurtech expands into US, BOXX Insurance, a Toronto-based cyber insurance startup, has announced its expansion into the United States. Hilario Itriago has been named president of BOXX USA by the firm. Following a $10 million Series A fundraising round, the company is expanding.
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.”
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, regarding the Canadian insurtech expands into US.
“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.”
Itriago stated, “There is no doubt that cyber is the next frontier in risk management and prevention.” “I’m thrilled to be joining BOXX at such an exciting time in the company’s history, to help drive BOXX’s next phase of growth into such a critical market as the United States. Vishal and Mike have a bold vision, which the team has been aggressively implementing, and I’m ecstatic to join them in bringing BOXX’s product to such a fantastic market.”
