Marsh swoops for Hiscox tech head

Marsh has appointed Stephen Wares as leader of its cyber risk practice in the firm’s Europe, Middle East and Africa (EMEA) Risk Practices group.

Wares will develop Marsh’s cyber risk and insurance proposition for the broker’s clients who include multinational organisations across the region.

Wares will work closely with experts across Marsh, including EMEA communications, media and technology practice leader Fredrik Motzfeldt, on cyber risk solutions for the firm’s largest clients.

Wares, who started his career in 1989 as an account handler at Bowring FINPRO has, since 1997, held a variety of senior technology roles at Hiscox, most recently as global head of its technology product line.

Marsh’s European Risk Management Practice chief executive George Davies said: “Stephen’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 said: “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.”