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Axis launches Cyber and Technology unit

Modern risks: Axis has launched a Cyber and Technology unit

Axis Capital Holdings Ltd has launched a consolidated Global Cyber and Technology unit. Led by Dan Trueman, global head of cyber and technology, the unified global team will be part of the Axis Insurance’s professional lines division.

Axis, a Bermudian re/insurer, is merging its US cyber, technology, media and miscellaneous professional liability businesses to create the new unit, the company said.

“We are launching this consolidated unit to ensure we effectively and efficiently deliver one single global approach to cyber and technology risks and thus increase the value that we provide to our clients and partners,” Mr Trueman said.

“Both cyber and technology are borderless risks and with this global unit, we can utilise the international lens we have, and the wide Axis international footprint, to leverage the full scope of our underwriting expertise and claims services.”

Axis also announced the promotion of Drew Walter to the newly created role of head of cyber and technology underwriting delivery, reporting to Mr Trueman. Mr Walter previously served as a senior vice-president for Axis Pro.

Earlier this year, the company launched the Axis Cyber Centre of Excellence as a global resource that provides mentorship, education, consulting services and solutions to help improve brokers’ and insureds’ understanding of cyber risk.