UK-based insurance coverage dealer Howden has appointed Jean Bayon de La Tour as its worldwide head of cyber.
Bayon de La Tour joins Howden from Marsh, the place he led its cyber broking enterprise in France.
He was later named Marsh Europe’s managing director and head of cyber.
In his new position, Bayon de La Tour will proceed to function out of Spain and report back to Howden Group’s international head of cyber, Shay Simkin.
Howden mentioned the appointment, which is efficient instantly, kinds a part of its technique to cater to the rising demand for options to mitigate cyber dangers.
The cyber market is predicted to develop from $12bn in 2012 to $50bn by 2030, in accordance with Howden’s 2023 Cyber Report.
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Simkin mentioned: “Howden is dedicated to advocating for purchasers because the market adapts to what’s a fluid and extremely charged risk atmosphere, and goals to help purchasers on their cyber journey by making certain that they’ve the information and instruments to make their companies extra resilient.
“To realize this, our technique is to draw the most effective expertise out there, and we’re delighted to welcome Jean to the Howden household. We couldn’t have wished for a greater addition to our group and he will probably be central to our technique as we navigate the subsequent part of progress of the cyber market.”
Bayon de La Tour added: “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.
“Cyber insurance coverage is a vital device to make sure cyber resilience for firms of all sizes globally, and I’ll carry all my vitality to higher perceive the wants of purchasers.”
Earlier this month, Howden brokered a deal to amass Peru-based threat and insurance coverage dealer Contacto Corredores De Seguros.