Marsh has announced the appointment of Sarah Stephens (pictured) as head of cyber, international, for Marsh JLT Specialty. Stephens will be based in London and will report to Flavio Piccolomini, president of Marsh’s International division, and Paul Denny, CEO of Marsh JLT Specialty’s UK FINPRO practice.
In her newly created role, Stephens will be responsible for the strategic development and delivery of Marsh JLT Specialty’s cyber insurance and placement capabilities for its international division, which includes all geographies outside North America. She will work closely with the company’s regional cyber risk experts to develop integrated risk and advisory services. Stephens will assume the role in addition to her current responsibilities as cyber, media and technology leader within the UK FINPRO practice.
Prior to joining JLT in 2015, Stephens served as head of cyber and commercial errors and omissions for Europe, the Middle East and Africa at Aon.
“Cyber risk poses a constant and critical threat to the businesses and livelihoods of our clients,” Piccolomini said. “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.”
“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 risk insurance in place,” Stephens said. “I look forward to working with our colleagues around the world to further develop our cyber risk and insurance capabilities to … help our clients meet these challenges.”