United Risk, a managing general agent (MGA), has introduced Thriver, a new division intended to address the real estate market’s need for a security deposit waiver insurance product.
The division operates under United Risk Global, an international platform for property and casualty insurance, in collaboration with Applied Underwriters.
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Thriver, LLC, not only represents the new division but also its consumer-facing product, Thriver, the company said.
Headquartered in Rockefeller Plaza, New York, Thriver will provide alternative solutions for security deposits, helping both renters and property managers conserve resources and manage risks effectively.
United Risk chief commercial officer Rick Christofer said: “With our seasoned, professional leadership team headed by Matthew Mayberry, CEO, Thriver is engaging with distribution partners now focusing on the multi-family residential real estate market in the US, and will begin writing business in the fourth quarter of this year.
“Our goal, as always, involves a patient commitment to the business cantered on the fundamentals of distribution through strong branding, a solid underwriting framework, and superior risk management.”
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By GlobalDataThriver integrates with property management software, enhancing operational efficiency for landlords and property managers.
It allows tenants to pay a reduced amount compared to traditional security deposits, alleviating the financial burden of high upfront move-in costs.
In addition, this product is expected to expedite lease signings, reduce property vacancy periods, and lower risks associated with rent defaults and property damage.
Thriver CEO Matthew Mayberry said: “We’re ideally positioned to expand in this growing market, and by addressing both tenants’ and landlords’ needs, we are confident Thriver will be a game-changer in the rental market.”
In May 2025, United Risk appointed Richard Christofer as president and chief commercial officer.
Formerly with AIG, Guy Carpenter, and Gen Re, Christofer leads the recruitment and acquisition of new underwriting programs while managing the company’s existing business.
He will be based at the corporate headquarters in Rockefeller Centre, New York.
