Key rent will assist enhance cyber capabilities amid rising market demand
World 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 varied roles in wealth administration and inner audit.
In his new function, Bayon de La Tour will likely be contributing to Howden’s efforts to satisfy the rising demand for cyber insurance coverage options. He’ll report back to Shay Simkin, group international head of cyber, and can stay based mostly in Spain.
Commenting on Bayon de La Tour’s appointment, Simkin spoke of Howden’s dedication to supporting purchasers in navigating a “extremely charged risk surroundings” and emphasised the significance of recruiting top-tier expertise to attain this aim.
“We’re delighted to welcome Jean to the Howden household,” Simkin stated in an emailed information launch. “We couldn’t have wished for a greater addition to our staff and he will likely be central to our technique as we navigate the following section of progress 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 second” for the sector.
“By tackling key challenges round distribution, tail-risk and capital, the market is on the cusp of transformational progress, and I’m wanting ahead to working throughout Howden’s worldwide footprint on this subsequent thrilling chapter,” he stated. “Cyber insurance coverage is a essential software to make sure cyber resilience for corporations of all sizes globally, and I’ll carry all my power to raised perceive the wants of purchasers.”
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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