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,…
