Liberty Specialty Markets appoints Jon Rigby as first chief cyber officer

Liberty Specialty Markets (LSM) has appointed Jon Rigby to the newly created role of chief cyber officer, based in London.

He will be responsible for driving LSM's new cyber ‘centre of excellence’, supporting the re/insurance underwriting functions led by Matthew Hogg, head of cyber insurance, and Ivonne Staisch, head of cyber reinsurance.

Rigby will report to Peter Smith, LSM's executive underwriting officer.

Prior to joining LSM, Rigby co-led AlixPartners' cybersecurity team, working predominantly with private equity and FTSE 100 executive teams to help them manage their cybersecurity risk. He has served for 33 years in the Royal Air Force in cyber, intelligence, IT and engineering roles. His last 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 programmes.

Smith said: “Jon has joined LSM to further develop our strategy to review, define and deliver what best practice for underwriting cybersecurity should look like. He is a subject matter expert and brings a wealth of experience and learnings from outside the insurance industry. His appointment supports our vision to be a leading global specialty (re)insurer for cyber risk in terms of governance, thought leadership and client value solutions across all product lines."

Rigby commented: “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 cybersecurity threat to the profitability and value of businesses and the reputation of executives, is an unavoidable aspect of doing business today.

"Cybersecurity insurance is still immature, and in my experience risk transfer is often overlooked as an effective component of a comprehensive cybersecurity strategy. Liberty is at the cutting edge of recognising this opportunity, and I’m delighted to join the team and to help our customers to prosper.”

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