Bermudian-based Axis Capital Holdings Ltd has expanded its partnership with Elpha Secure, which began in 2021 when Axis became both an investor in and a capacity provider for the company.

“In extending our partnership with Elpha Secure, we are ensuring cyber-customers in the US get high-quality coverage, with embedded cybersecurity solutions that will improve their risk profiles and mitigate their exposure to cyber-risk,” said Lori Bailey, head of Global Cyber and Technology at Axis.

“Delivering cyber-coverage through Elpha’s established, secure digital distribution platform will benefit both customers and Axis.”

With effect from July 1, the company said, new stand-alone cyber-business submissions for prospective policyholders with revenue up to $100 million will be directed via wholesale broker partners to Elpha.

In transitioning business to Elpha’s platform, Axis said, it aims to enhance the efficiency and profitability of its small cyber-portfolio while opening up access to Elpha’s range of cybersecurity services to customers — which, in turn, can help to improve their security risk profiles.