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Chubb names global cyber risk practice head

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Chubb Ltd. named former consultant Bill Stewart division president of its global cyber risk practice on Tuesday.

New York-based Mr. Stewart will lead the development and implementation of Chubb’s strategy to “deliver the next generation full suite of property and casualty cyber insurance offerings, worldwide,” the Whitehouse Station, New Jersey-based insurer said in its statement.

"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, in the statement.

 "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.”

Mr. Stewart was most recently executive vice president at McLean, Virginia-based Booz Allen Hamilton Inc., where he was responsible for the firm’s commercial cyber business.