AXA XL, the property and casualty specialty risk division of AXA, has entered into an agreement to acquire the remaining shares of S-RM, a specialist corporate intelligence and cyber security consultancy.
Currently, AXA XL holds approximately 49% of S-RM.
Subject to customary closing conditions, including the receipt of regulatory approvals, the transaction is expected to take place by the end of September.
Established in 2005, the company helps global businesses and investors to navigate complex risks, supporting clients across 140 countries.
The consultancy delivers crisis response, intelligence, and cyber security services, with specific expertise in 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.
Scott Gunter, CEO of AXA XL, commented: “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.
“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.”
According to the announcement, S-RM is 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.
Libby Benet, CEO of AXA XL Risk Advisory, said: “S-RM brings highly complementary expertise that will strengthen our advisory capabilities and broaden our offering. 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, added: “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.”
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