AXIS Capital Holdings Limited Strengthens Partnership with Elpha Secure to Enhance Cyber Security Solutions for US Customers

AXIS Capital Holdings Limited, a leading global specialty insurer, has expanded its partnership with Elpha Secure, a premier cyber security solutions provider, to further enhance its cyber security offerings for customers in the US. The expanded partnership builds upon the initial collaboration in 2021, when AXIS became an investor and capacity provider for Elpha Secure.

According to Lori Bailey, Head of Global Cyber & Technology at AXIS Capital Holdings Limited, the extended partnership will enable customers to access high-quality cyber coverage with embedded security solutions that can improve their risk profiles and mitigate exposure to cyber threats. "By delivering cyber coverage through Elpha's secure digital distribution platform, we can benefit both our customers and AXIS," Bailey explained.

As of 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 transition aims to enhance the efficiency and profitability of AXIS's small cyber portfolio while opening up access to Elpha's range of cyber security services for customers.

Gordon Malin, Co-Founder and CEO at Elpha Secure, expressed his excitement about the expanded partnership, stating, "We're privileged to expand our partnership with AXIS, a collaboration that underscores our shared commitment to innovation and excellence in cyber insurance." Malin added, "This transition is a testament to the strength of our relationship with AXIS, and we are excited to deliver superior protection and peace of mind to our collective customers."

AXIS Capital Holdings Limited is committed to providing innovative and effective solutions to its customers through its strategic partnerships. As a leader in the global insurance industry, AXIS is well-positioned to continue delivering value to its customers through its expanded partnership with Elpha Secure.