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May 15, 2019

AXIS Capital partners with CyLon to help companies mitigate cyber risks

AXIS Capital has teamed up with global cyber security start-up accelerator CyLon to inform and educate cyber security start-ups on the risks and opportunities unique to the space.

The two companies will work together to mentor start-ups that enter the CyLon cybersecurity accelerator cohort in London.

The partners will also co-host industry events and produce industry research and reports on the cyber security market.

AXIS global head of cyber and technology Dan Trueman said: “As firms face an ever-more dynamic cyber risk environment, it’s important that they have access to creative and innovative cyber security resources and services.

“Through our partnership with CyLon, we will work together to mentor and educate cyber security start-ups so they are accurately aligned to help companies mitigate their cyber risks.”

CyLon has supported over 80 companies globally since its launch in April 2015. It has a portfolio of investments valued at more than £400m ($514m).

CyLon co-founder Grace Cassy said: “AXIS Capital’s extensive knowledge and expertise in the cyber insurance market will provide huge benefit to CyLon companies, and will present new opportunities for partnerships and growth.

“We look forward to working closely with AXIS Capital as we continue our mission to find, grow and invest in the world’s best emerging cyber businesses.”

CyLon’s other partner companies include Nominet, BAE Systems Applied Intelligence, Winton, ICE71, Singtel Innov8 and NUS Enterprise.

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