Marsh has appointed Stephen Wares as leader of its cyber risk practice in the firm’s Europe, Middle East and Africa risk practices group.
He joins the firm from Hiscox, where he was global head of its technology product line.
Wares will develop Marsh’s cyber risk and insurance proposition for clients within the EMEA risk practices group, which serves multinational organisations across the region.
He will work closely with experts across Marsh, including EMEA communications, media and technology practice leader Fredrik Motzfeldt to deliver cyber risk solutions to the firm’s largest clients.
George Davies, chief executive of Marsh’s European risk management practice, said: “Wares‘s industry expertise, combined with his deep understanding of related broking and underwriting markets, makes him well qualified not only to harness the wide range of cyber solutions Marsh offers our clients, but also to drive our expansion in this growing and dynamic risk sector.”
Wares added: “The cyber risks that organisations face globally are rapidly evolving; indeed the greatest risk to many firms is failing to keep pace with these technological threats. Marsh is at the forefront of developing global cyber risk solutions, and I very much look forward to working with my new colleagues to help clients manage cyber risk more effectively.”
