Axis Insurance has created a unified global cyber and technology unit in a bid to leverage the full scope of its cyber and technology insurance capabilities, underwriting expertise and claims services.
As part of the restructure, Axis is merging its US cyber, technology, media and miscellaneous professional liability businesses into single unified global cyber and technology unit, led by Dan Trueman, global head of cyber and technology.
Trueman will continue to report to John Van Decker, president of North American professional lines and global lead of professional lines for Axis’ Insurance segment.
The global cyber and technology unit is part of Axis Insurance’s professional lines division.
In conjunction with the change, Axis also announced the promotion of Drew Walter to the newly created role of head of cyber and technology underwriting delivery.
In his new 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. He previously served as a senior vice president for Axis Pro. He will report to Trueman.
Commenting on the new unit, Trueman said: “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,
“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.”
Axis added that these changes further reinforce the commitment it has made to expand its leadership in the global cyber and technology insurance market.
Earlier this year, the company launched the Axis Cyber Centre of Excellence as a global resource that provides mentorship, education, consulting services and solutions to help improve brokers’ and insureds’ understanding of cyber risk.