Cowbell launches UK operation with Lloyd’s/CFC cyber expert

San Francisco-based insurtech  Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched its UK operations with the hiring of a senior cyber specialist from CFC. The move comes on the heels of its  new technology centre of innovation in India.

Simon Hughes (pictured) has joined Cowbell UK as general manager to spearhead its UK operations. He has over 13 years of experience across the US and the UK, most recently serving as the cyber team lead at CFC Underwriting.

Hughes began his career at Lloyd's of London and has since worked with reinsurer SOVAG and specialty insurer CFC Underwriting. At CFC, Hughes was a senior member of the cyber team for six years, serving as a cyber underwriter and leader focusing on SMEs. He led the UK and EU cyber underwriting teams at CFC to achieve profitable growth in an evolving market.

“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 prioritising cyber resilience.”

Cowbell noted that it 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 an 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 US, underpinned by our continuous risk assessment approach.”

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