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 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 might be contributing to Howden’s efforts to fulfill 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 shoppers in navigating a “extremely charged menace setting” and emphasised the significance of recruiting top-tier expertise to realize this aim.
“We’re delighted to welcome Jean to the Howden household,” Simkin mentioned in an emailed information launch. “We couldn’t have wished for a greater addition to our group and he might be central to our technique as we navigate the subsequent part of development 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 group 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 development, and I’m wanting ahead to working throughout Howden’s worldwide footprint on this subsequent thrilling chapter,” he mentioned. “Cyber insurance coverage is a essential software to make sure cyber resilience for corporations of all sizes globally, and I’ll convey all my vitality to higher perceive the wants of shoppers.”
Howden’s 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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