Guy Carpenter strengthens cyber team
Guy Carpenter has expanded its Cyber team with a series of appointments and promotions.
The company said that the expanded team will enable it to enhance the solutions and services it offers to clients and enrich Marsh McLennan’s ability to help businesses and communities realise possibilities in the digital economy.
Matthew McCabe has been appointed managing director of cyber broking, based in New York. Beyond reinsurance structure design, McCabe will support Guy Carpenter clients by leveraging his unique experience spanning broking, cybersecurity and policy to tackle complex issues, such as cyber war and the role of the public sector in risk transfer. He rejoins Marsh McLennan from Kivu Consulting, a cyber forensics company, where he was general counsel and risk officer. Previously, he was a senior vice president at Marsh, responsible for cyber policy, and prior to that, he served in policy and counsel roles with the US government.
Souki Chahid has been named head of international cyber analytics, where she will be responsible for managing Guy Carpenter’s cyber analytics suite to the international market, including modelling capabilities and proprietary cyber data, to ensure alignment between Guy Carpenter’s analytical services and clients’ strategic goals. She will partner closely with Jess Fung, head of North America cyber analytics, and The Marsh McLennan Cyber Risk Analytics Center, which supports Marsh McLennan clients with a cross-business focus on model development, risk quantification and better understanding the factors driving cyber risk. She joined from CFC, where she was cyber modelling manager, and will be based in London.
Zain Awan has been named international cyber ILS lead, with responsibility for further strengthening Guy Carpenter’s analytical and transactional capabilities to support the growth of the sector. He will also partner with GC Securities to structure and deliver cyber insurance-linked securities transactions. He was most recently Senior Vice President, Reinsurance Broker & Actuary, in Guy Carpenter’s London Cyber team.
“These appointments signal our continued investment in this critical space. They join a formidable team of cyber experts across the Company, who are helping organiations understand, quantify and manage cyber risk,” said Erica Davis, global co-head of Cyber, Guy Carpenter. “This demonstrates Guy Carpenter’s commitment to fostering innovation in the dynamic cyber (re)insurance arena and building an experienced team ready to attract new capital, innovate new structures and advance the use of analytics in the sector.”
Additionally, Grace Seigle has joined Guy Carpenter as a cyber broker based in New York. She will serve the business’ global client base and focus on sourcing capital for the underdeveloped cyber retrocession market. She joins from Gallagher Re.