Key rent will assist strengthen cyber capabilities amid rising market demand
Global insurance coverage group Howden has introduced the appointment of Jean Bayon de La Tour (pictured) as worldwide head of cyber.
Bayon de La Tour joins Howden from Marsh, the place he most just lately served as managing director and head of cyber for Europe. His 11-year yr tenure on the firm additionally included time spent spearheading cyber broking operations in France. He started his profession in banking, holding numerous roles in wealth administration and inner audit.
In his new function, Bayon de La Tour can be contributing to Howden’s efforts to satisfy the rising demand for cyber insurance coverage options. He will report back to Shay Simkin, group world head of cyber, and can stay primarily based in Spain.
Commenting on Bayon de La Tour’s appointment, Simkin spoke of Howden’s dedication to supporting shoppers in navigating a “highly charged threat environment” and emphasised the significance of recruiting top-tier expertise to attain this purpose.
“We are delighted to welcome Jean to the Howden family,” Simkin mentioned in an emailed information launch. “We could not have wished for a better addition to our team and he will be central to our strategy as we navigate the next phase of growth of the cyber market.”
Bayon de La Tour additionally remarked on the expansion witnessed within the cyber insurance coverage market and expressed enthusiasm about becoming a member of Howden’s cyber staff throughout a “pivotal moment” for the sector.
“By tackling key challenges around distribution, tail-risk and capital, the market is on the cusp of transformational growth, and I am looking forward to working across Howden’s international footprint in this next exciting chapter,” he mentioned. “Cyber insurance is a critical tool to ensure cyber resilience for companies of all sizes globally, and I will bring all my energy to better understand the needs of clients.”
Howden’s just lately launched 2023 Cyber Report has projected the market to develop from US$ 12 billion in 2012 to US$50 billion by 2030.
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