Marsh has hired former UK intelligence boss Sir Iain Lobban as a senior advisor on cyber risk.
Lobban is a former director of GCHQ, the UK’s electronic intelligence gathering organisation.
In the newly-created role, Marsh said he would provide strategic advice as the broker works with governments, regulators and clients on addressing “the growing threat of cyber risk”.
At GCHQ Lobban integrated its intelligence and security arms to develop the UK’s cyber defence capability and operations, as well as driving initiatives in support of UK military campaigns, counter terrorism, and the prevention and detection of serious crime.
In his new role at Marsh he will report to Mark Weil, CEO, Marsh UK & Ireland.
“Cyber risk is one of the biggest risks that confronts our clients. It is a new threat, unbounded by geography and set to escalate as more goes online and as the barriers to entry for criminals comes down,” said Weil.
Lobban added: “I’m very impressed with how Marsh has been at the forefront of raising awareness and helping companies take ownership of their cyber risk.
“I’m keen to help shape this strategic thinking and to push forward with the development of effective partnerships and frameworks to anticipate and respond to cyber threats.”