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Cowbell Specialty will augment the InsurTech’s existing panel of 15 reinsurance partners, without replacing any of the current programs. -
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The InsurTech said small businesses remain highly targeted, and having a remote workforce makes clients more vulnerable to cyberattack.
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Cyber continued to register the largest increase in the period, while D&O saw a small price drop compared to a moderate increase in the previous quarter.
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In the newly created position, Rudow will report to Everest North America reinsurance head Jill Beggs.
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The executive pointed at cyber and excess and surplus carrier Lexington as businesses that AIG was seeing rapid growth.
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The appointment marks an expansion of the agency’s financial lines portfolio, which already includes D&O, E&O, EPL, fiduciary, fidelity, and related lines.
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The program provides up to $15mn in capacity per account and is underwritten by Ryan Specialty-owned MGU EmergIn Risk.
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Sean Park is joining the board of directors, while Matthew Jones is the company's new chief strategy officer.
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Claims rates also increased, with standalone policies seeing a greater increase than package policies.
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The executive will also serve as senior underwriter of professional liability.
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The company expanded its cyber team in LA with senior underwriter Marisa Vero and in Minnesota with underwriter Hanna Baker.
