Liberty Mutual Insurance Group subsidiary, Liberty Specialty Markets (LSM), has named Jon Rigby as Chief Cyber Officer, reporting to Peter Smith, Executive Underwriting Officer.
His appointment is effective immediately and in his new role, Rigby, a cyber security expert, will be based in London.
For more than 33 years he served in various cyber, intelligence, IT, and engineering roles with the Royal Air Force. His last role with the Royal Air Force was in the rank of Air Vice-Marshall within Joint Forces Command, where he was responsible for leading Defence’s cyber operations and programmes.
He joins LSM from AlixPartners, where he co-led the firm’s cybersecurity team, working mostly with private equity and FTSE 100 executive teams to help them manage their cybersecurity exposures.
Commenting on the appointment, 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.
“Jon will drive the LSM Cyber ‘Centre of Excellence’, interfacing with our insurance and reinsurance underwriting functions led by Matthew Hogg (Head of Cyber Insurance) and Ivonne Staisch (Head of Cyber Reinsurance).”
Discussing his new role, Rigby added: “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.”