CyberCube, the cyber risk modeling and analytics firm, has appointed Chris Methven as its new Chief Executive Officer (CEO), succeeding Pascal Millaire who has transitioned to Senior Advisor.
Millaire has led CyberCube since its creation and steps down as CEO with the company well positioned to deliver on its goals.
Methven joined the firm in 2020 as Chief Growth Officer, and brings extensive knowledge of the business and culture, as well as a strong understanding of CyberCube’s products, clients, and long-term ambitions to the CEO role.
Before CyberCube, Methven served as Chief Revenue Officer for supply chain risk analytics firm, Achilles.
“I’m honoured to be taking on the role of CEO at such an exciting time for the business. I have spent the last six years working directly with our clients and the wider market. I’m very much looking forward to leading the next phase of the company’s growth and development, building on the strong foundations already in place,” said Methven.
“Chris is a proven leader who deeply understands our business and the criticality of the analytics that we provide to our insurance clients. I have full confidence that under Chris’s leadership, CyberCube will expand its market leadership position as the pre-eminent provider of cyber risk analytics to the global insurance industry,” commented Millaire.
Scott G. Stephenson, Chair of CyberCube’s Board of Directors, added: “I am delighted to welcome Chris as our new CEO. He has a proven track record of success as Chief Growth Officer at CyberCube. Having worked closely with Chris for a number of years, I know what a committed, dynamic, and inspirational leader he is. His deep knowledge of the business means this transition will be seamless for both our people and our clients.
“I would also like to take this opportunity to thank Pascal for his hard work and dedication. He has guided the business to a position of real strength, providing the platform for future growth. We are pleased that Pascal will continue to support the company in a senior advisory capacity.”
The appointment of a new CEO comes just months after CyberCube secured a sizeable investment of over $180 million from a new cornerstone investor, Spectrum Equity.
Currently, the company is a trusted partner to over 130 clients across the cyber insurance and reinsurance value chain and beyond. The firm reveals that its solutions are utilised by 75% of the top 40 US and European cyber insurers, by gross written premiums, and the majority of the top 20 global brokers.
