Howden boosts cyber capabilities with key appointment

Howden boosts cyber capabilities with key appointment | Insurance Business Asia

Insurance News

Howden boosts cyber capabilities with key appointment

It names former Marsh MD as international head of cyber

Insurance News

By
Mika Pangilinan

Global insurance group Howden has announced the appointment of Jean Bayon de La Tour (pictured) as international head of cyber.

Bayon de La Tour joins Howden from Marsh, where he most recently served as managing director and head of cyber for Europe. His 11-year year tenure at the company also included time spent spearheading cyber broking operations in France. He began his career in banking, holding various roles in wealth management and internal audit.

In his new role, Bayon de La Tour will be contributing to Howden’s efforts to meet the growing demand for cyber insurance solutions. He will report to Shay Simkin, group global head of cyber, and will remain based in Spain.

Commenting on Bayon de La Tour’s appointment, Simkin spoke of Howden’s dedication to supporting clients in navigating a “highly charged threat environment” and emphasised the importance of recruiting top-tier talent to achieve this goal.

“We are delighted to welcome Jean to the Howden family,” Simkin said in an emailed news release. “We could not have wished for a better addition to our team and he will be central to our strategy as we navigate the next phase of growth of the cyber market.”

Bayon de La Tour also remarked on the growth witnessed in the cyber insurance market and expressed enthusiasm about joining Howden’s cyber team during a “pivotal moment” for the sector.

“By tackling key challenges around distribution, tail-risk and capital, the market is on the cusp of transformational growth, and I am looking forward to working across Howden’s international footprint in this next exciting chapter,” he said. “Cyber insurance is a critical tool to ensure cyber resilience for companies of all sizes globally, and I will bring all my energy to better understand the needs of clients.”

Howden’s recently released 2023 Cyber Report has projected the market to grow from US$ 12 billion in 2012 to US$50 billion by 2030.

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