Chubb announced Tuesday it has named cyber industry veteran Bill Stewart division president of Chubb’s global cyber risk practice.
Stewart will lead the development and implementation of Chubb’s strategy to deliver property and casualty cyber insurance worldwide. Stewart will collaborate with David Cowart, Chubb’s chief information security officer, and the enterprise risk management team, to develop cybersecurity best practices.
"The number and complexity of cyber exposures have grown exponentially over the last few years," said John Lupica, vice chairman, Chubb Group, president, North America major accounts and specialty insurance. "The decision to make our cyber risk practice a standalone business under a forward-thinking leader like Bill adds another level of depth and thought leadership to Chubb's offerings in this segment. His extensive knowledge of global cyber risks, coupled with his background and experience in providing cyber counsel to organizations across different industries, will complement the underwriting, servicing, claims handling capabilities and enterprise risk management that distinguish Chubb in the market.”
Stewart most recently served as executive vice president at Booz Allen Hamilton.