AXIS Capital meets cyber challenges with cyber centre

17-04-2018

AXIS Capital Holdings has created the AXIS Cyber Centre of Excellence, in a bid to address the more than $445 billion cost over the industry that companies incur each year due to the threat of cybercrime and cyberattacks.

According to AXIS Capital it will provide a broad range of commercial insurance protection and mitigation solutions for tangible and intangible assets, relating to global cyber threats and attacks. The AXIS Cyber Centre of Excellence is being led by Dan Trueman, global head of cyber at AXIS.

“The AXIS Cyber Centre 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 Centre of Excellence will leverage the AXIS Cyber team’s underwriting expertise to help clients more effectively manage the dynamic environment of their cyber risks.”

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

“Through the AXIS Cyber Centre of Excellence, we are taking a holistic approach to helping our clients and partners solve their existing and emerging cyber risks,” said Fosh. “Mitigating any risk begins with education, and that is the basis from which we have built the AXIS Cyber Centre 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.”

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Bermuda Re