In a strategic move to bolster its position in the face of escalating cyber threats, Howden, the global insurance group, has appointed Jean Bayon de La Tour as the International Head of Cyber, effective immediately.
This appointment marks a significant milestone in Howden’s initiative to attract top-tier broking talent, aligning with the surging demand from clients seeking robust insurance solutions against the rising tide of cyber-attacks, the company said.
The broader insurance market is responding dynamically to the escalating threat landscape, with the Cyber market projected to skyrocket from USD 12 billion in 2012 to an anticipated USD 50 billion by 2030, according to Howden’s latest 2023 Cyber Report.
Jean Bayon de La Tour, with a background in banking encompassing roles in Wealth Management and Internal Audit, previously spearheaded Marsh’s Cyber broking operations in France.
His tenure with Marsh culminated in his appointment as Managing Director and Head of Cyber for Marsh Europe. Maintaining his base in Spain, Bayon de La Tour will report directly to Shay Simkin, Group Global Head of Cyber at Howden.
Shay Simkin expressed the company’s commitment to advocating for clients in an ever-evolving and highly charged threat environment. He emphasised Howden’s dedication to supporting clients on their cyber journey by ensuring they possess the knowledge and tools necessary to enhance their businesses’ resilience.
Simkin welcomed Bayon de La Tour to the Howden family, stating, “We could not have wished for a better addition to our team and he will be central to our strategy as we navigate the next phase of growth of the Cyber market.”
Jean Bayon de La Tour, newly appointed as International Head of Cyber at Howden, commented on his excitement about joining the company at a pivotal moment in the Cyber insurance market’s evolution.
Acknowledging the remarkable growth of the Cyber insurance market over the past decade, Bayon de La Tour expressed his enthusiasm for addressing key challenges related to distribution, tail-risk, and capital.
He looks forward to leveraging his experience across Howden’s international footprint in this transformative phase. Bayon de La Tour emphasised the critical role of Cyber insurance in ensuring global cyber resilience for companies of all sizes and pledged to bring his energy and expertise to better understand the evolving needs of clients.
