AXIS merges global cyber, technology units under Trueman

AXIS Insurance, the insurance business segment of Bermuda-based AXIS Capital Holdings, is consolidating its global cyber and technology unit under the leadership of  Dan Trueman.

AXIS said 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.

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.

As the global head of cyber & technology, 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 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.”

Meanwhile, AXIS has 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.

AXIS said it is looking to further 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.

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