Cyber is rapidly becoming big business in insurance circles, and Willis Towers Watson is not shy to its growth.
The brokerage giant has today announced the appointment of Tim Rees as client engagement and strategy leader for its UK cyber risks solutions businesses. Rees, who will be based in London and will report to the firm’s global head of cyber risk Anthony Dagostino, will lead the firm’s approach to cybersecurity across the country including client outreach strategy and engagements. He will also work in tandem with Glyn Thoms who heads up the firm’s cyber insurance broking business here.
According to Dagostino, Rees’s appointment is part of a significant investment in UK cyber business as well as the development of end-to-end solutions ranging from human capital consultancy to risk quantification.
“We are delighted to have Tim on board to lead our talented UK cyber team to advise businesses on how to use their people, capital and technology to mitigate rapidly evolving cyber risks,” he said. “Cybercrime annually costs the global economy $400 billion – cyber risk is a growing threat that impacts nearly every sector and is now a Board level priority for business in the UK and globally.”
Previously Rees was client engagement manager for UK software company, Blackdot Solutions, focussing on the legal sector and the US market. He also served as an officer in the British Army’s Intelligence Corps with attachments to the Welsh Guards in Afghanistan and subsequently the UK Special Forces.
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