Marsh names cyber chief for international business
Marsh has appointed Sarah Stephens as head of cyber, international, within Marsh JLT Specialty.
Stephens is responsible for the strategic development and delivery of Marsh JLT Specialty’s cyber insurance and placement capabilities across the business’s International division - all geographies outside North America. She works closely with Marsh’s regional cyber risk experts to develop integrated risk and advisory services.
Stephens assumes her new responsibilities in addition to her current role as cyber, media and technology leader within the UK financial and professional liability (FINPRO) practice. She remains in London and reports to Flavio Piccolomini, president of Marsh’s international division, and Paul Denny, CEO of the UK FINPRO practice at Marsh JLT Specialty.
Before joining JLT in 2015, Stephens spent 12 years with Aon, latterly as head of cyber and commercial errors and omissions for Europe, the Middle East, and Africa.
Piccolomini called Stephens “a true innovator” who has “led the development of many pioneering initiatives in the cyber insurance market.” He predicted she will play a pivotal role in delivering the next generation of insurance solutions clients need to help mitigate cyber risk.
“While more and more organisations regard cyber as a top risk issue, many still lack confidence in their ability to respond to a major cyber incident effectively or do not have appropriate cyber insurance in place,” added Stephens. In her new role she will help Marsh’s clients meet those challenges, she vowed.