PR 97160

TORONTO, July 25, 2022 /PRNewswire=KYODO JBN/ --

Toronto-based global cyber insurance specialist BOXX Insurance today announced

the appointment of Eric Newman as its Chief Operating Officer, and Steve Penney

as Chief Technology Officer.

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BOXX is modernizing cyber insurance and uses advanced technology to identify

and address cyber threats proactively.

Newman will support the development of BOXX's strategic growth agenda leading

strategic planning, governance, legal and compliance functions. He will further

strengthen BOXX's leadership team as the company continues to scale globally.

"I am delighted to be joining the team at BOXX and am thrilled about the growth

agenda ahead of us," said Newman. "This is an incredibly exciting time for

BOXX."

Based in Palo Alto, Newman brings deep expertise in building and scaling

innovative security and fraud prevention technologies. Prior to joining BOXX,

Newman held leadership roles at both publicly held and private companies,

including PayPal, Simility, RiskIQ, Pindrop, RSA Security, and Silvertail

Systems.

As Chief Technology Officer, Penney will lead BOXX's technology and data

strategy, championing BOXX's product-led growth and market expansion.

"The challenge to develop BOXX's technology organization from the ground up,

sitting at the junction between insurance, technology and data, delivering

ground-breaking innovation is a fabulous opportunity one rarely gets," said

Penney.

Penney joins BOXX from Deloitte, where he led digital technology, commerce and

transformation initiatives for many leading organizations. Prior to this,

Penney led the Digital Transformation team at TELUS Communications, where he

was responsible for the delivery, management and governance of TELUS' digital

consumer applications products and platforms.

"I am delighted to further strengthen our leadership team," BOXX's Co-founder

and CEO, Vishal Kundi said. "As we gear up for the next phase of growth, I am

excited to welcome Eric and Steve. They bring deep expertise and experience and

their appointments underline our ability to attract talented individuals to our

team."

About BOXX Insurance

BOXX Insurance Inc. helps businesses, individuals and families insure and

defend against cyber threats. BOXX Insurance Inc. is privately-held with

headquarters in Toronto, Canada. BOXX's vision is to help businesses,

individuals and families stay ahead of, respond to and recover from cyber

threats, putting their digital safety first. For further information, please

visit www.boxxinsurance.com

Media contact: alex.tomaszewski@boxxinsurance.com

SOURCE: BOXX Insurance