Cowbell Cyber Inc. said Wednesday that it is introducing a new cyber program and has created a new subsidiary, Cowbell Specialty Insurance Co.
The Pleasanton, Calif.-based insurer said its Adaptive Cyber insurance program transforms cyber coverage from a static approach to one that is dynamic, with policies evolving more frequently than annually to adapt to policyholders’ cyber exposures, avoid coverage gaps and create “full transparency” to renewals throughout the insurance period.
Cowbell said the program combines risk management tools and services with coverage so policyholders can continuously address changes in the threat landscape.
Cowbell also said with its new Cowbell Specialty, it joins a panel of 15 insurers and reinsurers that support its Cowbell Prime cyber insurance program.
It said that together with Cowbell Re, the company’s reinsurance arm, Cowbell Specialty enables additional flexibility and control.
Cowbell Inc. said last month it has hired Julia Cederroth, formerly a cyber broker at Gallagher Re, as senior director of reinsurance.