Cowbell expands underwriting capacity
Cyber insurance startup Cowbell is expanding its capacity to underwrite businesses with an annual revenue of up to $1 billion.
With capacity from specialty (re)insurance company Chaucer, middle-market businesses will now be able to secure $5 million in primary and excess limits on Cowbell’s Prime 250 cyber and Prime Tech E&O products. Customers will also have access to Cowbell 365, which offers on-demand risk management services, and Cowbell Academy, an e-learning center for brokers.
“America’s middle-market businesses are increasingly reliant on technology to deliver their services to customers. With the growing complexity of operations and the ever-changing cyber threat landscape, they’re also facing unprecedented exposure to cyber risks and for them, more traditional offerings may fall short. Our partnership with Cowbell will help customers access the most suitable, and robust packages of tailored cybersecurity services. This collaboration is about strengthening the cyber resilience for a segment of companies that provide a huge proportion of US private sector jobs and GDP.” – Piers Tuggey, Head of Cyber at Chaucer Group.
“By leveraging our proven track record, vast risk pool and innovative technology Cowbell will be able to strengthen the cyber resilience of not only SMEs, but also businesses with greater complexities and larger operations. But this is also about relationship-building, collaboration, and trust – we’re committed to helping brokers and their clients recognize the full scope of benefits that we bring to the table, whether it’s savings on employee training programs or having a dedicated, responsive underwriting partner who provides transparent communication and tailored solutions.” – Trent Cooksley, Co-founder & Chief Operating Officer at Cowbell.
