AXIS Launches Cyber Center of Excellence to Help Mitigate Cyber Risks

AXIS Capital Holdings Ltd. has launched the AXIS Cyber Center of Excellence, which aims to provide commercial insurance products and solutions for mitigating cyber risks.

The AXIS Cyber Center of Excellence is intended to address the more than $445 billion cost that companies incur each year due cyber crime and cyber attacks, said the Bermuda-based company, quoting figures from the World Economic Forum.

The center is being led by Dan Trueman, global head of Cyber at AXIS.

“The AXIS Cyber Center of Excellence is the specialty insurance industry’s premier global resource for mentorship, education, consulting services and solutions to help improve brokers’ and insureds’ understanding of the cyber risk environment so they can effectively manage the totality of their cyber risks,” said Trueman.

“Housing our global cyber products and solutions, the AXIS Cyber Center of Excellence will leverage the AXIS Cyber team’s underwriting expertise to help clients more effectively manage the dynamic environment of their cyber risks,” he said.

Matthew Fosh, executive chairman, Europe, for AXIS, will serve as chairman of the AXIS Cyber Center of Excellence. In this role, Fosh will provide advisory support to AXIS’ Global Cyber team.

“Through the AXIS Cyber Center of Excellence, we are taking a holistic approach to helping our clients and partners solve their existing and emerging cyber risks,” commented Fosh.

“Mitigating any risk begins with education, and that is the basis from which we have built the AXIS Cyber Center of Excellence – a resource to brokers and insureds to improve their understanding of the cyber risk environment and arm them with solutions for mitigating those risks,” he added.

The AXIS Cyber Center of Excellence will offer a number of products and services to help companies mitigate the cyber risks associated with their tangible and intangible assets. These include*:

Risk managers and brokers interested in learning more about the AXIS Cyber Center of Excellence should contact Dan Trueman, global head of Cyber at AXIS, at dan.trueman@axiscapital.com.

* The above listed services will be provided either by AXIS directly or through the Company’s third-party vendor partnerships.

Source: AXIS Capital