Menu

Reinsurance News

Cowbell Cyber launches captive insurer, Cowbell Re

12th January 2022 - Author: Matt Sheehan

AI-powered cyber insurer Cowbell Cyber has announced the launch of a new insurance captive called Cowbell Re, which will help the firm address rising demand for cyber insurance with additional capacity.

Cowbell CyberIt’s hoped that the launch of Cowbell Re will provide the company more flexibility as Cowbell Cyber continues its growth trajectory, while helping keep loss ratios at a low level.

The resources will be bundled at no charge in Cowbell’s cyber policies.

“Cowbell’s cyber insurance platform brought innovation, efficiencies, and robust cyber coverage to the market as we developed the industry’s largest cyber insurance distribution network,” said Jack Kudale, Founder and CEO at Cowbell Cyber.

“With the launch of Cowbell Re, we are directly taking on risk and reiterating our commitment to empower businesses to minimize cyber incidents.”

Cowbell Re currently has a growing distribution network of 2,000 agencies and 12,000 producers nationwide, and has grown its policyholder base by over 5,000% year-over-year, with the base also forecast to triple during the 2022 calendar year.

Last year, the firm also reached over $200 million in premium run-rate, with a risk pool of 21 million accounts covering 62% of US SMEs.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
SCOR’s Atlas Gotland reinsurance sidecar secures $200m investment from Alecta

French reinsurer SCOR has secured a $200 million investment from the Swedish pension fund Alecta into its Atlas Gotland Worldwide...

Close