Cowbell doubles underwriting capacity in a multi-year program agreement

Cowbell Cyber announced an agreement with Palomar Excess & Surplus Insurance Company. The expansion of Cowbell’s relationship with Palomar doubles the available reinsurance capacity for Cowbell Prime 250, Cowbell’s cyber coverage for businesses with up to $250 million in revenue. The agreement brings Cowbell’s total global reinsurance panel to 9 providers – including Cowbell Re.

“This new multi-year contract with Palomar is an exciting next step as we continue to expand our innovative underwriting strategy while partnering in building a profitable insurance portfolio. We’ve made it our duty to help organizations become more secure by bundling, with our policies, resources that policyholders need to improve their cybersecurity standing and proactively remediate cyber exposures.”

“This expansion of the Program is significant in two ways- the increase in capacity from existing markets and the new markets that have joined in this very challenging environment. It is a testament that this was achievable through our combined efforts and the support of Gallagher Re on the placement.” – Jason Sears, EVP at Palomar.