Cowbell, the leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched its UK operations and appointed cyber insurance expert, Simon Hughes, as General Manager for Cowbell UK. Hughes joins Cowbell with a unique blend of experience across the U.S. and the UK, most recently serving as the Cyber Team Lead at CFC Underwriting.
“The cyber insurance industry needs to evolve at the same pace as the cyber threat landscape,” said Hughes. “I am delighted to join one of the most innovative companies in the market at a time when businesses in the UK and around the world are prioritizing cyber resilience.”
Hughes is a seasoned underwriter with over 13 years of experience in the insurance industry. He is a proven leader with a deep understanding of cyber risk and insurance and has been instrumental in driving success in his previous roles. Hughes began his career at Lloyd’s of London and has since gained valuable experience with the multi-national reinsurer SOVAG and CFC Underwriting, a UK-based specialty insurer. At CFC, Hughes was a senior member of the cyber team for six years, serving as a cyber underwriter and leader focusing on SMEs. Simon led the UK and EU cyber underwriting teams to achieve market-leading and profitable growth in a rapidly growing market.
Cowbell has grown its risk pool internationally to 35 million SMEs, which allows the company to pre-assess risk and deliver coverage at speed while maintaining the most accurate underwriting process. Cowbell’s risk pool also contributes to maintaining proactive visibility into the macro-level cyber threat landscape in the SME market.
“We are relentless in our mission to close the insurability gap and make cyber insurance accessible to all businesses regardless of geographical boundaries,” said Matthew Jones, Chief Strategy Officer at Cowbell. “Simon brings the expertise to roll out to the UK the adaptive cyber insurance products that we have successfully validated in the U.S., underpinned by our continuous risk assessment approach.”
SOURCE: PR Newswire