AXA XL acquires S-RM

AXA — AXA XL, the property and casualty and specialty risk division of Axa, announced on August 6, 2026 that it has entered into an agreement to acquire the remaining shares of S-RM, a specialist corporate intelligence and cyber security consultancy. AXA — AXA XL currently holds approximately 49% of S-RM. The financial terms were not disclosed. S-RM, founded in 2005, supports clients in 140 countries with services including cyber risk assessment, managed detection and incident response, specialist investigations, geopolitical intelligence, and integrity and reputational due diligence. The acquisition will support AXA — AXA XL's strategy to expand its prevention offering, and S-RM will continue to deliver services as part of AXA — AXA XL Risk Advisory, a newly created business unit dedicated to prevention. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to complete by the end of September 2026.