Consilium, the global specialty re/insurance broking arm of Aventum Group, has appointed Ethan Godlieb (pictured above) as associate partner to lead cyber, tech, and fintech within its professional and executive risks division.
Godlieb will join the firm in May following his departure from Aon, where he currently serves as a cyber and technology E&O broker. He brings eight years of experience in commercial broking with a focus on cyber and data risks for both mid-sized and multinational clients.
His responsibilities at Consilium will include expanding the firm’s cyber portfolio across classes and geographies.
Nick Bachmann, managing partner at Consilium, said the firm is looking to build on its cyber capabilities and broaden its client offering with the addition of Godlieb. He said cyber remains a complex and developing segment, and that the goal is to simplify the offering while providing specialist support that clients can rely on.
In December, Consilium also expanded its cargo division with the appointment of Daniel Leveridge as partner and head of technical.
Godlieb’s move comes as Consilium continues efforts to address ongoing challenges in the cyber insurance space.
A global survey by Munich Re revealed that 87% of managers felt their companies were inadequately protected against cyber risks, highlighting a pressing need for comprehensive cyber insurance solutions.
Looking ahead, several key cyber threats are anticipated to dominate in 2025. Cybercriminals are increasingly leveraging artificial intelligence to enhance the sophistication and effectiveness of their attacks.
Ransomware continues to be one of the most prevalent and damaging forms of cyber-attacks. In 2025, a surge in sophisticated ransomware operations targeting critical infrastructure, healthcare systems, and financial institutions is anticipated.
With these challenges ahead, the cyber market is projected to experience significant growth. Munich Re estimates global cyber insurance premiums to be around US$14 billion in 2023, with projections soaring to approximately US$29 billion by 2027.
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