<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Cowbell, a cyber managing general agent (MGA), has announced an expansion of its cyber liability insurance coverage. The company will now offer coverage to businesses with up to USD 1 billion in annual revenue, up from its previous maximum of USD 250 million in the US.
      </p>
    </li>
    <li>
      <p>
        Cowbell will offer USD 5 million in primary and excess limits on its Prime 250 cyber and Prime Tech E&amp;O products. The coverage includes various cybersecurity and training services.
      </p>
    </li>
    <li>
      <p>
        This expansion allows Cowbell to target larger companies with its cyber insurance offerings. Earlier this year, the company also expanded its offerings in the UK to companies with up to GBP 1 billion in revenue.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businessinsurance.com/cowbell-to-target-larger-companies/">
      Business Insurance
    </a>
  </p>
</div>


Cyber Insurance

PROMINENT_CATEGORY

<div>
 
 <p>Cowbell, a managing cyber general agent (MGA), has broadened its cyber liability insurance coverage. It will now cater to businesses that have an annual income of up to USD 1 billion. This is an increase from its prior top limit of USD 250 million in the US.</p>
 <p>For its Prime 250 cyber and Prime Tech E&amp;O products, Cowbell will provide USD 5 million in principal and surplus limits. The coverage includes multiple cybersecurity and training services.</p>
 <p>With this expansion, Cowbell can target larger firms with its cyber insurance products. Earlier this year, it also widened its offerings in the UK to businesses generating up to GBP 1 billion in revenue.</p>
 
</div>

Cowbell expands cyber liability insurance coverage for larger companies

<div>
 
 <p>Vouch, a business insurance provider, and Vanta, a trust management platform, are collaborating to provide cyber insurance solutions directly within the Vanta platform.</p>
 <p>The integration aims to make compliance simpler and faster for startups by providing instant access to cyber insurance, bypassing the need for manual procedures and potential compliance delays. This move is geared towards addressing companies' issues in securing cyber insurance and fitting with Vanta's aim of simplifying the SOC 2 process and Vouch's approach of delivering instantly available insurance coverage.</p>
 
</div>

Vouch and Vanta partner to offer embedded cyber insurance on Vanta platform

<div>

<p>Coalition, a cyber insurance company, has introduced Coalition Re, a reinsurance intermediary aimed at offering non-proportional cyber insurance treaties and white-label cyber insurance products. Speciality insurance and reinsurance company, Aspen, will be leading the panel of capacity providers in support of Coalition Re.</p>

</div>

Coalition launches reinsurance vehicle with Aspen backing

<div>
 <p>Cyber insurance vendor FifthWall has successfully raised a total of 5 million USD in Series A funding. The organization has undergone changes in its key positions, with Cole Knuth being appointed as the CEO and Gene Stevens as CTO. Meanwhile, previous CEO Doug Wright is now transitioning into the role of board chairman.</p>
 <p>The funds acquired will be allocated towards various avenues of growth and development. It will be focused on the development of new technology and scaling operations. Other areas of focus are strengthening their engineering team, enhancing their marketing strategies, and optimizing their internal processes for better efficiency.</p>
 
</div>

FifthWall raises USD 5 million in Series A funding to develop technology

<div>
 <p>Cyber insurance provider Cowbell has raised USD 60 million in Series C funding round led by Zurich Insurance Group. This investment brings the overall funding of the company to USD 202 million.</p>
 <p>The funds raised will be utilized to escalate operations, extend its presence in crucial global markets, launch innovative products, fortify collaborations, and capitalize on the developments in Artificial Intelligence to broaden its technological base.</p>
</div>

Cowbell raises USD 60 million in Series C funding to scale operations

<div>
 
 <p>Coalition, a cyber insurer, has launched the cyber insurance product of Coalition Insurance Company across the US. This move permits Coalition to provide cyber insurance all over the nation, helping businesses address online risks using insurance and cybersecurity tools.</p>
 
</div>

Coalition Insurance rolls out its insurance product across the US

<div>
 <p>Resilience, a managing general agent for cyber insurance, has introduced technology errors and omissions (E&amp;O) coverage. This new product is designed to aid clients in mitigating and covering liability from technology products, and will be offered alongside the company's existing cyber insurance portfolio.</p>
 <p>Organizations that generate between USD 300 million and USD 10 billion in revenue will be eligible for the coverage. The insurance limits will provide up to USD 10 million in both primary and excess coverage.</p>
</div>

Resilience launches tech E&O coverage

<div>
 
 <p>KYND, a startup that specializes in cyber risk management and ratings, recently introduced a new exposure management solution. This innovative tool enables cyber insurers to assess their risk exposure across all their portfolios.</p>
 <p>This solution combines aggregation risk insights and custom cyber disaster scenarios. Therefore, it provides insurers with an effective way to analyze and control accumulation and catastrophe exposure within their portfolio.</p>
 
</div>

KYND launches exposure management tool for cyber insurers

ANALYST_QUICK_TAKE

<div>
 <p>Bitsight has introduced a new integrated platform for handling third-party risk. This platform plans to protect the digital supply chain by combining continuous monitoring with vendor risk management.</p>
 <p>Included in the new platform are features such as assessment of vendor health, supervision of vendor onboarding, monitoring of vendor security practices, and response to security incidents. These features are all available from a single dashboard.</p>
 <p>Bitsight argues that businesses using their new solution can anticipate considerable returns. These returns include up to 3x the return on investment in just six months, a 50% reduction in the time spent monitoring vendors, and a 75% decrease in the time needed to onboard vendors.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> As cyber regulations become more stringent globally, security and risk teams are under increasing pressure to find efficiencies amidst growing cyber reporting and compliance requirements. BitSight’s new integrated solution is designed to help security teams navigate such complex regulatory landscapes.</p>

Bitsight launches integrated third-party risk management solution

<div>
 <p>The London-based specialty insurer, Beazley, has introduced a new integrated cyber risk management company, Beazley Security. This comes after the merger of its in-house cyber services team with its wholly owned cybersecurity subsidiary, Lodestone.</p>
 <p>The new company combines the risk management services offered alongside its cyber insurance policies with Lodestone’s cybersecurity services. This includes capabilities such as managed extended detection and response (MXDR).</p>
 <p>Beazley Security's leadership will fall under the direction of Alton Kizziah, the current CEO of Lodestone. Kizziah will report to Paul Bantick, who holds the position of Beazley’s head of global cyber risks.</p>

</div>

All Updates

Cowbell expands cyber liability insurance coverage for larger companies

Vouch and Vanta partner to offer embedded cyber insurance on Vanta platform

Coalition launches reinsurance vehicle with Aspen backing

FifthWall raises USD 5 million in Series A funding to develop technology

Cowbell raises USD 60 million in Series C funding to scale operations

Coalition Insurance rolls out its insurance product across the US

Resilience launches tech E&O coverage

KYND launches exposure management tool for cyber insurers

Bitsight launches integrated third-party risk management solution

Beazley launches cyber risk management firm

Cyber Insurance

Cowbell expands cyber liability insurance coverage for larger companies

Contact us