AXIS consolidates cyber unit

29-11-2018

AXIS Insurance has launched a consolidated global cyber and technology unit, led by Dan Trueman, global head of cyber & technology.

According to the company the unified global team will enable it 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.

“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 Trueman. “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.”

The global cyber and technology unit is part of AXIS Insurance’s professional lines division. With this change, AXIS is merging its US cyber, technology, media and miscellaneous professional liability businesses into a unified global cyber and technology unit. Trueman will continue to report to John Van Decker, president of North American professional lines and global lead, professional lines, for AXIS Insurance.

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 Trueman. In this role, Walter will be responsible for ensuring that AXIS further grows its cyber and technology insurance underwriting capabilities to best fulfil client and broker needs. 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.

AXIS Insurance, cyber, appointment, consolidation

Bermuda Re