AXIS teams up with cyber security start-up accelerator CyLon

Bermuda-based AXIS Capital Holdings has partnered with cyber security start-up accelerator CyLon to help companies mitigate their cyber risks.

The partnership aims to help educate cyber security start-ups on the opportunities and challenges inherent in the cyber insurance market, and will see the two firms working together with start-ups entering CyLon's cyber security accelerator cohort in London.

Since its launch in April 2015, CyLon has worked with over 80 companies globally and has a portfolio of investments valued at more than £400 million.

“We’re pleased to partner with CyLon in the advancement of the global cyber security ecosystem," said Dan Trueman, global head of cyber and technology at AXIS. "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.”

Grace Cassy, co-founder of CyLon, said: "We are delighted to welcome AXIS Capital as a new partner to CyLon. 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."

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