XL Insurance Company SE – Romania Branch (AXA XL) (AXA group (France))
CyberRiskConnect
by XL Insurance Company SE – Romania Branch (AXA XL)
B2BA+DirectNIS2Broker onlyGlobalRomanian
Last updated Apr 2026
Product Details§ 01
Max Insurance Limit
Up to €15M; bespoke above.
Market Focus
Large enterprise and multinational.
Coverage
Cyber crime / FTF, GenAI coverage
AM Best Rating
A+ (Superior) – AM Best; also S&P AA- / Fitch AA- / Moody's A1 (XL Insurance Company SE / AXA XL core entities)
MGA / Direct
No – Direct insurer.
Policy Language
Romanian / English
NIS2 / DORA Support
NIS2 and DORA compliance advisory included.
War Exclusion
War and nation-state cyber exclusion applied (LMA-aligned). Carve-back: cyber attacks intended to further social, ideological, religious or political objectives (cyber terrorism) remain covered.
Geographic Scope
Global.
Broker Only
Yes
Advantages & Limitations§ 02
Advantages
- Legal underwriting entity for EU: XL Insurance Company SE (XLICSE) — Irish-domiciled Societas Europaea with branches throughout the EU (Austria, Belgium, Croatia, Czech Republic, Cyprus, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Poland, Romania, Slovenia, Spain, Sweden, Switzerland, Turkey, UK) plus Australia, Hong Kong and Singapore. Merged with AXA Corporate Solutions and AXA ART in Jan 2020.
- Product: CyberRiskConnect — AXA XL's flagship cyber and technology insurance policy. Confirmed from policy form TRD 050 0619 (X.L. America) and APAC/Europe product sheet (©2026).
- Standard coverage (per product sheet):
- — Technology Products & Services liability.
- — Professional Services liability.
- — Media liability.
- — Privacy & Security liability (incl. privacy regulatory defence, fines & penalties).
- — Data Breach Response & Crisis Management (18-month payment period).
- — Business Interruption & Extra Expenses (BI after waiting period; Extra Expenses after retention only).
- — Data Recovery.
- — Cyber Extortion & Ransomware (including digital currency payments).
- Endorsements available (separately priced):
- — PCI Fines & Penalties.
- — System Failure.
- — Dependent Business Interruption.
- — Bricking.
- — Voluntary Shutdown.
- — Utility Fraud (cryptojacking, telecommunications fraud).
- — Consequential Reputational Loss.
- — Generative AI Endorsement (launched 2024): covers data poisoning, regulatory violations, AI IP infringement from GenAI model development.
- — Construction Endorsement (APAC/Europe, Oct 2025): tailored for construction sector cyber risks (IoT, 3D modelling, AI-driven project mgmt).
- Pre-incident consultation: one-hour complimentary consultation with expert vendors; discounted proactive services.
- Vendor panel (confirmed from APAC/Europe product sheet):
- Legal/Breach Counsel: Kennedys, CMS, Clyde & Co, DAC Beachcroft.
- Data Recovery/Restoration: S-RM, Fenix24, Kroll, Consilio, Arete.
- Notification/Credit Monitoring: Experian.
- Digital Forensics/IR: S-RM, CrowdStrike, Kroll, Arete.
- Forensic Accounting: Baker Tilly, MDD.
- Public Relations: FleishmanHillard.
- CyberRiskConnect eRiskHub (cyberriskconnect.eu): policyholders get complimentary access to risk intelligence portal.
- Global reach: 200+ countries and territories; local claims teams in APAC and Europe (confirmed per product sheet contact directory).
Limitations
- Mid-market to large enterprise focus — not designed for micro-SME (no simplified SME product in the CyberRiskConnect APAC/Europe line; AXA national entities serve SME via separate products).
- Maximum published capacity: up to EUR/AUD/SGD 15M on primary or excess basis; higher limits are bespoke and subject to underwriting.
- Cyber crime (social engineering, FTF), system failure, dependent BI, bricking, voluntary shutdown, and reputational loss are endorsements — not automatic.
Contact & Response§ 03
Customer Contact
24/7 Crisis Hotline
+1 404 905 8943 (24/7/365 international incident response hotline — confirmed from APAC/Europe product sheet)
Broker Contact