"It'll be run by the same level of competence as your own in house engineers (take that either way) but without you knowing exactly how the setup is and what security/resilience/redundancy is in place."
Unless you do your research, of course.
And when you do, you'll almost certainly see that a good cloud provider will have far better security, resilience and redundancy than your in-house IT provision.
Biting the hand that feeds IT
