Coalition cyber insurance News

Cyber Insurance and Security MGA Coalition Raises $205M

Coalition, a San Francisco-based cyber insurance and security company, has already been focused on rapid growth. Its new $205 million venture capital financing will help supercharge that strategy even further. Coalition said the investment will help accelerate its plans to …

Cyber Criminals Target Remote Workers and ‘Critical Infrastructure to Corner Stores’

The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to the first half of 2021, according to a new report by cyber insurer Coalition. An increasing number of attacks were …

Cyber Insurance Firm Coalition Raises $175M; Plans Commercial Lines Expansion

Coalition, a cyber insurance managing general agency and security company, said it has raised $175 million to accelerate its growth and global expansion. The firm said it will use the funds to expand internationally as well as into other commercial …

Arch to Back Coalition Cyber Insurance Programs with Long-Term Capacity

Arch Insurance North America and Coalition have formed a multi-year partnership to provide Coalition with long-term capacity for its U.S. and Canada Cyber and Technology Errors & Omissions insurance programs. The capacity will be available through Arch Insurance North America’s …

Coalition Adds 5 Hires to Middle Market Production Underwriting Team

Coalition has appointed five new production underwriters to help grow and serve the company’s middle market relationships. New Coalition production underwriting team members include: Andrew Cross, based in San Francisco, joined Coalition from CNA Insurance where he held the role …

Coalition Makes Cyber Risk Assessment Tool Available for Free to Small, Midsize Firms

Coalition, a cyber insurance company for small and midsize businesses, has launched a free, publicly available cybersecurity and risk assessment tool that assesses the expected probability and severity of a security incident for a company. Using Coalition’s proprietary underwriting platform …

Aon’s Specht Joins Cyber Insurance Agency Coalition as the Head of Affinity

Cyber insurance and cybersecurity agency Coalition announced the addition of Brian Specht as the head of Affinity to help the agency reach a broader spectrum of businesses and industries. Specht brings 30 years of experience from Aon, Ryan Specialty Group, …

Cyber Security, Insurance Firm Coalition Raises $40 Million

Coalition, a San Francisco-based cyber insurance agency for small and midsize businesses, said it has closed a $40 million funding round. Ribbit Capital led the investment with participation from Greenoaks Capital and Hillhouse Capital. With this new funding, Coalition said …

Coalition Launches Cyber Coverage for Healthcare Companies

Coalition, a cyber insurance company for small and midsize businesses, has launched comprehensive coverage for healthcare companies. The healthcare-specific policy is designed to fully addresses the risk healthcare organizations face before, during, and after a breach—including full HIPAA compliance, in-house …

New Coalition Cyber Policy for Manufacturers Covers Security Failures, Data Breaches

Coalition, a cyber insurance company for small and midsize businesses, has launched a full-spectrum coverage to insure manufacturers against security failures and data breaches. The Coalition policy encompasses the physical, technological, and financial damages – including bodily harm, property damage …