AXIS Creates Consolidated Global Cyber & Technology Unit
PEMBROKE, Bermuda--(BUSINESS WIRE)--Nov 28, 2018--AXIS Insurance, the insurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS), today announced the launch of a consolidated Global Cyber and Technology unit. Led by Dan Trueman, Global Head of Cyber & Technology, the unified global team will enable AXIS to more effectively deliver the full range of its cyber and technology insurance capabilities, underwriting expertise and claims service to clients and brokers around the world.
The Global Cyber and Technology unit is part of AXIS Insurance’s Professional Lines Division. With this change, AXIS is merging its U.S. Cyber, Technology, Media and Miscellaneous Professional Liability businesses into a unified Global Cyber and Technology unit. Mr. Trueman will continue to report to John Van Decker, President of North American Professional Lines and Global Lead, Professional Lines, for AXIS Insurance.
“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,” said Mr. Trueman. “Both cyber and technology are borderless risks and with this global unit, we can utilize the international lens we have, and the wide AXIS international footprint, to leverage the full scope of our underwriting expertise and claims services.”
As part of the launch of its consolidated Global Cyber and Technology unit, 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. In this role, Mr. Walter will be responsible for ensuring that AXIS further grows its cyber and technology insurance underwriting capabilities to best fulfill client and broker needs. Mr. Walter previously served as a Senior Vice President for AXIS Pro.
These changes further reinforce the commitment AXIS has made to expand its leadership in the global cyber and technology insurance market. Earlier this year, the Company launched the AXIS Cyber Center of Excellence as a global resource that provides mentorship, education, consulting services and solutions to help improve brokers’ and insureds’ understanding of cyber risk.
About AXIS Capital
AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at September 30, 2018, of $5.3 billion and locations in Bermuda, the United States, Europe, Singapore, Middle East, Canada and Latin America. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A+” (“Superior”) by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.
About AXIS Insurance
AXIS Insurance – the insurance business segment of AXIS Capital Holdings Limited (NYSE: AXS) – provides Property & Casualty, Professional Lines, Terrorism, Marine, Energy, Aviation, Credit & Political Risk, Environmental, Accident & Health coverages and other customized insurance solutions. Our products are offered through our distribution partners, which include wholesale brokers, retail brokers and designated managing general agents/underwriters (“MGAs”/”MGUs”) in the U.S. and abroad. Coverages are backed by the financial strength and security of the AXIS Insurance Companies, rated “A+” (Strong) by Standard & Poor’s, and “A+” (Superior) by A.M. Best. For more information, visit our website at www.axiscapital.com/insurance.
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AXIS Capital Holdings Limited
AXIS Capital Holdings Limited
KEYWORD: UNITED KINGDOM UNITED STATES BERMUDA EUROPE NORTH AMERICA CARIBBEAN NEW YORK
INDUSTRY KEYWORD: TECHNOLOGY SECURITY PROFESSIONAL SERVICES FINANCE INSURANCE
SOURCE: AXIS Insurance
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PUB: 11/28/2018 12:30 PM/DISC: 11/28/2018 12:30 PM