New York, June 15, 2023 – Axio, the leader in cyber risk management software, today 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.”
Today’s 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 centered around helping the Lloyd’s market effectively understand cyber physical damage risk and offer sustainable coverage solutions for this exposure. Throughout the ten 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 honored 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.”
About Felipe Bayón
Bayón is the former CEO of Ecopetrol Group, Colombia’s leading energy company, and one of the most important in the Americas. He has over 30 years of experience in the energy industry both internationally and in Colombia.
In his seven plus years at Ecopetrol, five as CEO, he led the company’s transformation and energy transition processes with a robust plan to diversify the business and decarbonize the operation through, among others, renewables, electrification, natural climate solutions, and hydrogen. All these were underpinned by innovation and technology as catalyzers for sustainability, what Ecopetrol has called T-ESG (Technology, Environmental, Social and Governance).
The transformation process led by Bayón, allowed Ecopetrol to successfully address and overcome the complex global context, achieving solid operational and financial performance, key to strengthening Ecopetrol as the company faces the challenges and opportunities of the energy transition.
About Peter Armstrong
With decades of experience in defense, intelligence and security, Armstrong is an expert in the management of cyber risk and cyber security and a self-professed cyber and risk management geek.
Prior to joining Axio, Armstrong was the senior cyber subject matter expert at Munich Re Group. Previously he led the Willis Cyber risk consulting business, where he focused on the quantification and management of cyber exposure in the risk portfolios of large organizations. He has served on the Advisen Cyber Security Conference Advisory Board and is a leading thinker in developing responses to the cyber challenges facing large, complex organizations. He is a regular speaker on the topic of cyber risk management and cyber risk transfer, having contributed recently to OECD reflection on this topic.
About Alfredo Narez
Narez is a seasoned executive, startup expert and thought leader in the fields of digital innovation and growth marketing. With a passion for designing, building, and marketing great products, Narez has dedicated his career to helping organizations unleash their creative potential and drive meaningful change.
As Founder of m1six and Coach with Google for Startups, Narez successfully guided numerous companies through innovation initiatives, helping them identify market needs, prototype ideas, and transform them into successful products. With a deep understanding of customer empathy and the importance of business design, Narez emphasizes the power of connecting with customers on a profound level to create exceptional experiences.
Narez remains at the forefront of the ever-evolving innovation landscape and shares his insights and practical strategies with audiences leading organizations worldwide, empowering individuals and teams to embrace innovation and achieve remarkable results.
Axio focuses on key areas of an enterprise that represent the highest risk so organizations can budget wisely, improve cyber resilience, and demonstrate duty of care. The Axio360 platform is a decision-making engine for holistic cyber risk management, including cybersecurity assessments, cyber risk quantification (CRQ), risk transfer, and cyber insurance analysis. Axio’s industry-leading cybersecurity performance management software aligns security leaders, business leaders, and Boards of Directors around a single source of truth about their most critical corporate risks. Since 2016, Axio has been a trusted partner to many of the world’s leading critical infrastructure, energy, manufacturing, and financial services companies, helping drive better visibility and decision-making about cybersecurity priorities and investments. For more information, visit axio.com.
Silver Jacket Communications for Axio