AXIS Capital Holdings Limited has announced an expanded partnership with Elpha Secure, building on a collaboration that began in 2021 when AXIS became both an investor and a capacity provider for the company.
Starting July 1, 2024, new standalone cyber business submissions for prospective policyholders with revenue up to $100 million will be directed via wholesale broker partners to Elpha Secure.
This strategic shift to Elpha’s platform aims to boost the efficiency and profitability of AXIS’s small cyber portfolio. Additionally, it will provide customers with access to Elpha’s comprehensive cyber security services, enhancing their overall security risk profiles.
In addition to this partnership, AXIS has introduced the AXIS Cyber Incident Commander. This service offers immediate support to US-based direct primary cyber insurance policyholders during cyber incidents. It includes rapid triage, legal counsel, digital forensics, incident response, and crisis management, all available 24/7 to minimize the impact of cyber incidents and expedite recovery.
Headquartered in Bermuda, AXIS Capital Holdings Limited offers a wide range of specialty insurance and reinsurance products and services, including coverage for property, marine, terrorism, aviation, political risk, professional lines, liability, and accident and health.
