Reinsurance News

Cowbell Cyber makes two leadership hires

26th January 2022 - Author: Katie Baker

Cowbell Cyber has appointed Theresa Le as Head of Claims and Risk Engineering and Dan Palardy as Lead Actuary as part of the company’s expansion plan.

Cowbell CyberLe brings just under 20 years of experience working with insurers and will provide leadership to both the claims and risk engineering teams.

She most recently served as Vice President, Cyber Claims Expert, at Swiss Re, having previously spent over 10 years advising international and domestic cyber insurers.

This included AXA XL and London market syndicates, on cyber coverage and wording, data breach and crisis management, dispute resolution strategies, and business impact of privacy and cyber liability.

Le’s robust cyber background is also complemented by her experience as Senior Counsel at Clyde & Co, Atheria Law, and Duane Morris, where her insurance coverage experience included monitoring complex cyber claims, general commercial counseling, and representation of clients in state and federal litigation, mediations, arbitrations, and appeals.

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Palardy joins with more than 10 years of experience, spanning actuarial, underwriting, data and analytical functions in the re/insurance industry.

At Cowbell, he will lead the actuarial function, advising on pricing, reserving, and overall portfolio management. Palardy joins Cowbell from Axis Reinsurance, where he was most recently Senior Pricing Actuary, Professional Lines.

Prior to Axis, he spent five years on the actuarial team for AXA XL in both the United States and Bermuda where he advised on pricing and analytics for the suite of professional lines products including Cyber, Public D&O, E&O, EPLI, as well as other bespoke products.

Trent Cooksley, co-founder and COO at Cowbell Cyber said: “I am delighted to welcome both Theresa and Dan to the Cowbell team. Not only do they both bring extensive industry experience, they also have proven track records in cyber insurance. Theresa and Dan will be instrumental in continuing to advance our continuous underwriting and closed loop risk management approach.”

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