CyberGuide - Information Security and Cyber Risk Management

Evolve MGA

(Pictured: Pat Costello and Michael Costello, Co-Founders)

[email protected] 
(415) 257 – 2172
HQ: 1752 Lincoln Avenue San Rafael, CA 94901
National Offices in 15 Major US Metropolitan Cities

About Evolve MGA:

Evolve MGA is a Cybersecurity Insurance Specialist that underwrites one of the broadest cyber products in the market distributed through retail insurance brokers. As a cyber specialist, Evolve focuses on educating their broker base on how to understand cyber exposure by breaking down the source of modern day claims, essential cyber coverage, & best practices to secure your business. Evolve has also created a series of cyber sales tools to increase efficiency across the quote to bind process for retail insurance agencies. Most notably, Evolve launched a cybersecurity sales tool called the Dark Web Scanner that points out key executive cyber exposure accompanied with their standard quotes.

Cyber Specialty Educational Content:

  • Simplified Marketing Material (videos, whitepapers, coverage comparisons, service support)
  • Regional Cyber Sales Academies
  • CE Accredited Cyber Educational Seminars
  • Thousands of Face to Face Sales Consulting Meetings Completed
  • The Evolved Broker Podcast
  • 3 Month Cyber Underwriting Training Program


  • 2021: Pat Costello won Advisen’s Cyber Risk Industry Person of the Year (Americas)
  • 2021: Evolve won Advisen’s Cyber MGA of the Year Award for the 2nd Consecutive Year
  • 2020: Evolve won Advisen’s Cyber Risk Award for Cyber MGA of the Year.
  • 2020: First MGA ever featured on the cover of Rough Notes.
  • 2019:  Featured on the cover of Insurance Business of America’s “Young Guns” edition.
  • 2019: Evolve won Advisen’s Cyber Risk Award for Cyber Newcomer of the Year.


Survey Answers

Target Client Size
up to $250M
Does US business in
licensed in all states
Does international business in
Primary Service Offering
Insurance Carrier
When did your company start writing standalone cyber insurance policies?
What are your company’s cyber insurance direct written premiums?
$10M to $25M
What percentage of your cyber insurance direct written premiums come from standalone policies and endorsements?
Standalone 15% | Endorsement 85%
What percentage of your cyber book of business is primary and excess?
Primary 91 - 100% | Excess 0 - 10%
How many dedicated cyber insurance underwriters of standalone does your company have?
How many cyber-related claims did your company handle last year?
What percentage of your cyber-related claims were covered by standalone cyber policies and other lines business?
Standalone 100%