Global specialist insurer
Hiscox has promoted one of its seasoned executives to the newly created position of group head of cyber.
In his latest role, Matt Webb will develop Hiscox’s cyber strategy while managing cyber risk exposure. He will report to Richard Watson, group chief underwriting officer.
The company said the new role will be significant to its response to the changing nature of cyber risk.
“My first responsibility will be to evolve the group’s cyber strategy; building on our reputation and leveraging our deep expertise,” Webb said. “Key to this role is working across all our business units to improve collaboration and manage our global exposure.”
“Virtually every business is at risk to both internal and external cyber threats, and breaches are only becoming bigger and more costly,” Webb added. “We need to ensure we are maximising the upside while understanding and monitoring the downside.”
Webb joined Hiscox more than 10 years ago as a contingency underwriter. He later held roles in professional indemnity for technology companies and specialised in cyber insurance.
Most recently, Webb served as head of technology, cyber and data underwriting for Hiscox UK and Ireland.
“Matt’s experience in this line of business, which includes a track record of strong product innovation, means he will be invaluable in helping us make the most of the opportunity and leveraging our history and brand in this area,” Watson said.
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