CyberCube, a specialist modelling firm for cyber risks and the third-party modelling agent for many of the cyber catastrophe bonds that have been issued so far, has announced a new CEO, with its Chief Growth Officer Chris Methven taking on the top role, as Pascal Millaire becomes a Senior Adviser to the company.The cyber risk modelling specialist said the change at the top comes as it sets out its stall for future development, following on the heels of .Methven joined CyberCube in April 2020 as its Chief Growth Officer, having previously worked as Chief Revenue Officer for supply chain risk analytics business Achilles.CyberCube noted Methven’s deep knowledge of the business and its culture, as well as a strong understanding of its clients and product set.

The company also noted that Pascal Millaire has left the CEO role leaving CyberCube “well placed to deliver on the company’s aspirations to be the world’s leading provider of financial cyber risk to the insurance industry.” Chris Methven commented on his appointment as CyberCube CEO, “I’m honoured to be taking on the role of CEO at such an exciting time for the business.I have spent the last six years working directly with our clients and the wider market.I’m very much looking forward to leading the next phase of the company’s growth and development, building on the strong foundations already in place.” Scott G.

Stephenson, Chair of CyberCube’s Board of Directors, and former Chairman, President, and CEO of Verisk, further stated, “I am delighted to welcome Chris as our new CEO.He has a proven track record of success as Chief Growth Officer at CyberCube.Having worked closely with Chris for a number of years, I know what a committed, dynamic, and inspirational leader he is.

His deep knowledge of the business means this transition will be seamless for both our people and our clients.“I would also like to take this opportunity to thank Pascal for his hard work and dedication.He has guided the business to a position of real strength, providing the platform for future growth.

We are pleased that Pascal will continue to support the company in a senior advisory capacity.” Pascal Millaire added, “Chris is a proven leader who deeply understands our business and the criticality of the analytics that we provide to our insurance clients.I have full confidence that under Chris’s leadership, CyberCube will expand its market leadership position as the pre-eminent provider of cyber risk analytics to the global insurance industry.” CyberCube’s Portfolio Manager risk model was used in a number of cyber catastrophe bond issues, CyberCube was also the third-party risk modelling agent for ., including the first private cat bond deals and the more recent 144A cyber cat bonds, ..

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