Marsh appoints head of cyber for international business

Marsh has appointed Sarah Stephens as head of cyber for international business.

Taking on the role within Marsh JLT Specialty effective immediately, Stephens will continue to be based in London.

She will report to Flavio Piccolomini, president of Marsh’s international division, and Paul Denny, chief executive officer for the UK financial and professional liability (FINPRO) practice in Marsh JLT Specialty.

In this newly created role, Stephens will be responsible for the strategic development and delivery of Marsh JLT Specialty’s cyber insurance and placement capabilities across the business’s international division, which includes all geographies outside of North America.

She will also work 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 FINPRO practice.

Before joining JLT in 2015, Stephens spent 12 years with Aon in a variety of senior roles, most recently as head of cyber and commercial errors and omissions for Europe, the Middle East and Africa.

Commenting on the appointment, Piccolomini said: “Cyber risk poses a constant and critical threat to the businesses and livelihoods of our clients. Sarah is a true innovator and has led the development of many pioneering initiatives in the cyber insurance market.”

“She will play a pivotal role in delivering the next generation of insurance solutions clients need to help mitigate cyber risk and capitalise on the exciting opportunities new and emerging technologies present.”

Stephens (pictured) added: “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. I look forward to working with our colleagues around the world to further develop our cyber risk and insurance capabilities.”

Marsh JLT Specialty strengthened its hand in cyber, cryptocurrency and digital asset insurance with two new appointments late last year.