AXIS Insurance, the insurance business of Bermuda-based AXIS Capital Holdings, has rolled out its combined global cyber and technology unit.
The integrated division has been formed following the merger of the company’s US cyber, technology, media and miscellaneous professional liability businesses.
The global cyber and technology unit will now operate as a part of AXIS Insurance’s Professional Lines Division.
The combined unit will be headed by Dan Trueman, global head of cyber and technology.
The unified global team, according to AXIS, will enable the company to effectively provide the complete range of cyber and technology insurance capabilities, underwriting expertise and claims services.
Trueman will continue to report to John Van Decker, president of North American professional lines and global lead, professional lines, for AXIS Insurance.
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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 utilise the international lens we have, and the wide AXIS international footprint, to leverage the full scope of our underwriting expertise and claims services.”
Furthermore, AXIS has promoted Drew Walter to the newly created role of head of cyber and technology underwriting delivery.
Walter will report toTrueman and will be responsible for teh growth for the company’s cyber and technology insurance underwriting capabilities.
Walter earlier served as a senior vice president for AXIS Pro.