Cowbell Cyber, an AI-powered cyber insurance provider for small to medium enterprises, announced a strategic partnership with Palomar Excess & Surplus Insurance Co. to expand its offerings on a non-admitted basis nationwide.
The multi-year agreement with Palomar, backed by AM Best “A” rated or higher global reinsurance providers, adds to the current carriers and reinsurers already supporting Cowbell’s portfolio of standalone cyber insurance programs, extending distribution to businesses with up to $250 million in revenue with limits up to $5 million.
“Our partnership with Palomar diversifies our programs in non-admitted markets and further expands our capacity in support of our continued growth,” said Jack Kudale, founder and CEO at Cowbell Cyber.
Mac Armstrong, chairman and CEO of Palomar Holdings, said this is the first deal it has executed through the company’s new PLMR-FRONT business unit, which launched in September.
Cowbell Cyber provides standalone, admitted individualized cyber insurance for small and mid-size enterprises. Cowbell Insurance Agency is currently licensed in 50 U.S. states and the District of Columbia.
Source: Cowbell Cyber
Topics Cyber Excess Surplus New Markets
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