Key rent will assist enhance cyber capabilities amid rising market demand
International 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 numerous roles in wealth administration and inside audit.
In his new position, Bayon de La Tour will likely be contributing to Howden’s efforts to fulfill the rising demand for cyber insurance coverage options. He’ll 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 purchasers in navigating a “extremely charged menace setting” and emphasised the significance of recruiting top-tier expertise to realize this objective.
“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 crew and he will likely be central to our technique as we navigate the following part 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 crew 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 trying ahead to working throughout Howden’s worldwide footprint on this subsequent thrilling chapter,” he mentioned. “Cyber insurance coverage is a crucial instrument to make sure cyber resilience for corporations of all sizes globally, and I’ll carry all my power to higher perceive the wants of purchasers.”
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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