AXA XL to Acquire Corporate Intelligence and Cyber Security Consultancy, S-RM

AXA XL announced it has entered into an agreement to acquire S-RM, the London-based specialist corporate intelligence and cyber security consultancy — raising its shareholding from approximately 49% to 100% ownership.

Financial details of the deal, which is expected to close by the end of September, were not disclosed.

Founded in 2005 and supporting clients in 140 countries, S-RM helps global businesses and investors navigate complex risks through intelligence, cyber security, and crisis response services. Its expertise includes cyber risk assessment, managed detection and incident response, specialist investigations, geopolitical intelligence, and integrity and reputational due diligence.

Building on the long-standing partnership between the two organizations, the acquisition of S-RM will support AXA XL’s strategy to expand its prevention offering.

S-RM is expected to continue to deliver services to its global client base as part of AXA XL Risk Advisory, AXA XL’s newly created business unit dedicated to prevention.

“The acquisition of S-RM marks an important step in the buildout of AXA XL Risk Advisory and in our continued efforts to go beyond traditional insurance coverage,” commented Scott Gunter, CEO of AXA XL, in a statement.

“Clients are looking for data-driven insights and expert guidance to help them anticipate emerging threats, mitigate risk, and respond quickly when events occur. S-RM’s specialist expertise will help us accelerate that support,” Gunter added.

“S-RM brings highly complementary expertise that will strengthen our advisory capabilities and broaden our offering,” according to Libby Benet, CEO of AXA XL Risk Advisory. “By bringing together our risk consulting teams, S-RM’s geopolitical intelligence and crisis response expertise, and the technology-enabled solutions of the AXA Digital Commercial Platform, we will be able to help clients build deeper resilience across a wider spectrum of risks.”

Heyrick Bond Gunning, CEO of S-RM, said: “S-RM has worked closely with AXA XL for over 15 years, both as a client and as an investor. This transaction will allow us to continue investing in our prevention services for existing clients, while expanding the reach of those capabilities.”

Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals.

Source: AXA XL

Topics
Mergers & Acquisitions
Cyber
AXA XL