Reinsurance News

Hiscox UK names Robert Hannigan as cyber security advisor

21st September 2017 - Author: Staff Writer

Specialist insurer Hiscox UK and Ireland has appointed former GCHQ Director Robert Hannigan as Special Advisor on Cyber Security, set to work alongside Hiscox specialist cyber division to provide market intelligence, staff training, and develop cyber products.

Hiscox logoRobert Hannigan, Special Advisor at Hiscox UK and Ireland said; “The risks that cyber criminals pose, both to businesses and individuals in the UK are significant and sophisticated.

“Cyber attacks are intrusive, costly and disruptive, which is why businesses and the public must be proactive in establishing a defence against them.

“In addition, the organisations that protect us – from insurers and software providers to UK regulators – must also evolve their understanding and defence against cyber crime, and the sharing of knowledge through partnerships like this is central to that.

“Hiscox leads the field in cyber insurance and I’m delighted to be working with such an expert and innovative team.”

Hannigan has been credited with developing the UK’s first Cyber Security Strategy and setting up the National Cyber Security Centre.

In his new advisory role, He’ll offer expertise to Hiscox’s UK business on emerging threats and criminal techniques that could impact clients and work on the education of staff and customers on managing cyber risk.

Steve Langan, Chief Executive, Hiscox Insurance, commented on his appointment; “Our aim is not just to protect customers against the impact of cyber crime, but to play a constructive role in helping them better manage and understand the evolving risks they face.

“As a specialist insurer with a focus on cyber security, it’s vital that we stay ahead of the curve, and the deep expertise and experience Mr Hannigan brings to the business will play an key part in ensuring this.”

Hiscox began writing cyber insurance in the late 1990’s and currently provides Cyber and Data Risks cover to commercial clients, and optional cyber cover on selected home insurance policies.

The firm said cyber is a key strategic priority, and Hannigan along with the firms team of internal specialists will be working to expand and develop insurance capacity for one of the world’s fastest growing lines of risk.

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