Aon has appointed Yue Yang as managing director, cyber solutions EMEA. Yang has more than 15 years of industry experience spanning cyber broking and management consulting.
Yang joins Aon from Marsh, where she served as head of UK retail cyber. She was responsible for delivering cyber insurance solutions to clients and supporting growth through specialised risk strategies.
Before Marsh, she was a cyber insurance consultant at PwC. She began her career at WTW.
Yang's move follows a similar pattern to other recent EMEA hires at Aon. The firm appointed Rupert Poland to lead its EMEA digital asset practice last year. He also joined from Marsh into a specialist leadership role based in London.
David Molony, head of cyber solutions EMEA at Aon, said Yang's background in cyber insurance and security would support the firm's cyber capabilities. "Yue's deep expertise across cyber insurance and security, combined with her strong advisory track record, will be instrumental as we continue to strengthen and evolve our cyber capabilities at Aon," he said.
Molony has previously warned about gaps in EMEA cyber preparedness. An Aon survey published earlier this year found nearly two-thirds of EMEA businesses described themselves as only somewhat prepared for AI-linked cyber exposures. Just 18.5% of respondents had assessed risks that account for AI.
Yang's appointment comes as the cyber insurance market faces continued pricing pressure. International cyber insurance rates have fallen 43% since the fourth quarter of 2023, according to specialist underwriter DUAL. The firm has warned the sector is approaching an inflection point as exposures widen. Combined ratios are deteriorating across the US, Europe, the UK, and Australia and New Zealand, with some markets at risk of turning unprofitable by 2027.
The cyber market remains in soft territory more broadly, particularly in the SME and mid-market segments. Sam Cheshire, head of cyber UK retail at Gallagher, said in May that insurers are competing more on coverage breadth than headline price. He said there is limited room left for further rate reductions.
