Liberty Specialty Markets (LSM) a member of Liberty Mutual Insurance Group has named Jon Rigby to the newly created position of chief cyber officer, effective immediately.
Based in London, he will report to Peter Smith, executive underwriting officer.
Rigby served for more than 33 years in 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-Marshal within Joint Forces Command, where his responsibilities included leadership of Defence’s cyber operations and programmes
He joins LSM from AlixPartners where he co-led the cybersecurity team, working mainly with private equity and FTSE 100 executive teams, to help them manage their cybersecurity risk.
Smith, executive underwriting officer at Liberty Specialty Markets, 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).”
Rigby, commented: “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.”