Axio have announced three key additions to support rapid customer adoption and significant global growth. Former President and CEO of Ecopetrol, Felipe Bayón joins as a special advisor to help bolster the company’s leadership position in the energy, manufacturing and infrastructure industries, specifically emerging markets.
Additionally, the company announced two key executive hires. Peter Armstrong joins as Senior Vice President (SVP) Risk Engineering and Risk Capital to help build out Axio’s collaboration with the cyber insurance industry. Alfredo Narez joins as SVP, Head of Marketing to elevate Axio’s brand awareness, outbound efforts, and drive the company’s go-to-market strategy.
“I’m thrilled to have Felipe join as an advisor. His experience in the energy sector is second to none and he will be an important addition to our team as we expand globally,” stated Scott Kannry, CEO of Axio. “I’m also so pleased to welcome Peter and Alfredo to our team.
“Their expertise will be vital in maintaining product innovation and our leadership position, while ensuring that our customers have an excellent experience as we continue to grow at a remarkable rate. I look forward to working with these industry leaders to see what we can accomplish together in 2023 and beyond.”
The news comes on the heels of Axio’s participation in Lloyd’s Lab Cohort 10. Axio was one of 13 InsureTech companies selected out of 200 following a competitive pitch process in front of an expert panel of Lloyd’s and market stakeholders participants.
Axio was invited to join based on its concept centred around helping the Lloyd’s market effectively understand cyber physical damage risk and offer sustainable coverage solutions for this exposure. Throughout the 10-week program, Axio will develop its products with the support of market experts and explore how its innovation can support Lloyd’s market.
“We are honoured to be included in the Lloyd’s Lab Cohort 10,” stated Kannry. “A huge thanks to our insurance team for their amazing work and to Lloyd’s of London for its confidence in Axio.
“Our participation in the program is a strong sign of Lloyd’s market commitment to developing cutting-edge cyber risk solutions, especially for more challenging exposure types.
“There’s no question that many buyers have been frustrated by the coverage limitations that were put in place in recent years when these risks were not well understood, and we’re excited to work with Lloyds to now turn the tide and develop sustainable solutions that work.”