Global cyber insurance provider Coalition announced a new $30 million equity investment from Insurance Co., Ltd. (MSI), a member of MS&AD Insurance Group.
The investment anchors a strategic partnership aimed at bringing what San Francisco-based Coalition calls its “Active Insurance” to more businesses worldwide and allows MSI to participate in more markets and as a shareholder. Coalition’s Active Cyber Insurance is designed to help businesses spot, mitigate, and respond to emerging cyber threats through a product that combines comprehensive insurance coverage and cybersecurity tools.
The funding agreement builds on the companies’ existing strategic partnership, which includes a multi-year capacity agreement in Australia between Coalition and MSI and a collaboration on cybersecurity products for small and midsize businesses.=
MS&AD is the largest non-life insurer in Japan and across the Asian-Pacific region.
“With their support, we are uniquely positioned to scale our Active Insurance model and solidify our position as the global leader in cyber insurance,” said Joshua Motta, cofounder and chief executive officer at Coalition.
Topics Cyber
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