Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Jon Rigby to the newly created role of chief cyber officer.
He will report to Peter Smith, executive underwriting officer. Rigby will be based in London and takes up the role with immediate effect.
“Jon has joined LSM to further develop our strategy to review, define and deliver what best practice for underwriting cyber-security should look like,” said Peter Smith, executive underwriting officer at Liberty Specialty Markets.
“He is a subject matter expert and brings a wealth of experience and learnings from outside the insurance industry,” Smith added.
Rigby will drive the LSM Cyber “Centre of Excellence,” interfacing with LSM’s insurance and reinsurance underwriting functions led by Matthew Hogg (head of Cyber Insurance) and Ivonne Staisch (head of Cyber Reinsurance).
Rigby served for 33 years in the Royal Air Force in cyber, intelligence, IT and engineering roles. His last military role was in the rank of Air Vice-Marshal within Joint Forces Command, where his responsibilities included leadership of the Ministry of Defence’s cyber operations and programs. Prior to joining LSM he co-led AlixPartners’ cyber-security team, working predominantly with private equity and FTSE 100 executive teams to help them manage their cyber-security risk.
“Information is a key business enabler and very often the most valuable asset of a business. Even a cursory read of the news shows that the cyber-security threat to the profitability and value of businesses and the reputation of executives, is an unavoidable aspect of doing business today,” said Rigby.
“Cyber-security insurance is still immature, and in my experience risk transfer is often overlooked as an effective component of a comprehensive cyber-security strategy. Liberty is at the cutting edge of recognizing this opportunity, and I’m delighted to join the team and to help our customers to prosper,” Rigby continued.
Source: Liberty Specialty Markets
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