Cyber risk modeling and analytics company CyberCube has appointed Chris Methven as its new chief executive officer (CEO), replacing Pascal Millaire, who has moved to senior advisor.
Millaire, who has led CyberCube since its inception and steps down as CEO, is well-positioned to achieve its goal of becoming the leading global provider of financial cyber risk to the insurance industry.
Methven joined the company in 2020 as chief growth officer, bringing a wealth of business and cultural knowledge to the CEO role, as well as a deep understanding of CyberCube’s products, customers and long-term goals.
Prior to CyberCube, Methven served as chief revenue officer at supply chain risk analytics company Achilles.
Methven said: “I am honored to take on the role of CEO at such an exciting time for the business. I have spent the past six years working directly with our customers and the wider market. I very much look forward to leading the next phase of the company’s growth and development, building on the strong foundations already in place.”
“Chris is a proven leader who deeply understands our business and the importance of the analytics we deliver to our insurance clients. I have every confidence that under Chris’ leadership, CyberCube will expand its market leadership and become the preeminent provider of cyber risk analytics to the global insurance industry,” commented Millaire.
Scott G. Stephenson, Chairman of CyberCube’s Board of Directors, added: “I am pleased to welcome Chris as our new CEO. He has a proven track record of success in his role as CyberCube’s Chief Growth Officer. Having worked closely with Chris for many years, I know he is a committed, dynamic and inspiring leader. His deep knowledge of the business means this transition will be seamless for both our employees and customers.”
“I would also like to take this opportunity to thank Pascal for his hard work and dedication. He has led the company to real strength and provides a platform for future growth. We are delighted that Pascal will continue to support the company in a senior advisory capacity.”
Just months before naming its new CEO, CyberCube secured a massive investment of more than $180 million from new cornerstone investor Spectrum Equity.
The company is currently a trusted partner to more than 130 clients across the cyber insurance and reinsurance value chain and beyond. The company revealed that 75% of the top 40 cyber insurance companies in the United States and Europe and the majority of the top 20 global brokers based on total written premiums have adopted its solutions.
