Hiscox appoints group head of cyber

Specialist insurer Hiscox has promoted Matt Webb to the newly created role of group head of cyber.

Reporting to Richard Watson, group chief underwriting officer, Webb will be responsible for developing Hiscox’s cyber strategy and managing cyber risk exposure.

Webb has worked at Hiscox for over 10 years, having most recently served as head of technology, cyber and data underwriting for Hiscox UK and Ireland.

He previously held role in professional indemnity for technology companies.

Watson said: “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.”

Webb added: “My first responsibility will be to evolve the group’s cyber strategy; building on our reputation and leveraging our deep expertise. Key to this role is working across all our business units to improve collaboration and manage our global exposure.

“In today’s technology-driven environment, virtually every business is at risk to both internal and external cyber threats, and breaches are only becoming bigger and more costly. We need to ensure we are maximising the upside whilst understanding and monitoring the downside.”