Cowbell Cyber, a cyber insurance provider for small and medium enterprises (SMEs), has appointed Julia Cederroth as senior director of reinsurance.
Prior to joining Cowbell, Cederroth served as vice president and cyber treaty broker at Gallagher Re as a member of the Global Treaty Broking team and Cyber Center of Excellence. Cederroth specialised in sourcing capacity for complex treaties, developing data-driven insights such as market benchmarking to elucidate the unique opportunities cyber presents to re/insurers and capital providers alike.
Before joining Gallagher Re, Cederroth acted as associate director at Aon Reinsurance Solutions and senior consultant at Aon Inpoint, where she became a trusted strategic advisor to a diverse range of carrier clients.
Cederroth said in a statement: “Cowbell values its partnerships – including high levels of engagement and transparency with re/insurers. I see Cowbell’s attentiveness to adapt to policyholders’ evolving cyber exposures as benefiting our current and potential reinsurers. Beyond proactively empowering insureds to reduce cyber incidents, the data generated within Cowbell’s platform can be analysed at the portfolio level in ways we’re not accustomed to seeing in cyber.”
She added: “After years of feedback from clients and underwriters facing this aggregation challenge, I look forward to working with trading partners that share our enthusiasm for signaling a new era in cyber insurance!”
Cowbell Cyber has been in the news repeatedly here at Reinsurance News in recent weeks. In July, the firm said it had signed an agreement with Palomar Excess & Surplus Insurance Company to double the available reinsurance capacity for Cowbell Prime 250, Cowbell’s cyber coverage for businesses with up to $250 million in revenue.
That agreement brought Cowbell’s total global reinsurance panel to 9 providers – including Cowbell Re.
And earlier this month, the firm said it had signed up with Swiss Re to bring insurance to firms using Amazon Web Services (AWS) and have revenues of up to $750m.
According to the two firms, the program grants customers access to Cowbell Factors which provide a relative rating of an organization’s risk profile against the company’s monitored risk pool of 25m US businesses, which represents 78% of U.S. SMEs.