Coalition News

Weighing Effects of Treasury’s Ransomware Pay Warnings on Cyber Victims and Insurers

Recent warnings from the U.S. Treasury about paying ransomware demands are unlikely to substantially change how cyber insurers cover or handle such situations, according to experts. However, the advisories are likely to up the pressure on ransomware victims to make …

New Ransomware Strains Being Unleashed on Businesses During Pandemic

Ransomware attacks grew by nearly 50 percent in the 2020 second quarter compared to the first three months of the year, underscoring the risks created by pandemic-related work-from-home requirements, a new Coalition report has determined. On top of that trend, …

Insurance Agencies Get No Break When It Comes to Cyber Liability

As this trying year drags on, insurance agents might be tempted to take a quick breather. From a cyber liability perspective, however, the pressure on agents is ramping up over the rest of the year. Here’s why. In past columns, …

Coalition Expands Admitted Cyber Insurance Offering into Florida

Coalition, an online cyber insurance and security company, has expanded its admitted cyber insurance offering into Florida following approval from the Florida Office of Insurance Regulation. Businesses and organizations across the state now have access to Coalition’s cyber insurance coverage …

Cyber Insurance Agency Coalition Now Offers Excess Coverage for Middle Market

With new surplus lines capacity backed by Lloyd’s, cyber insurance and security company Coalition is moving beyond offering primary insurance coverage and entering the excess cyber insurance market. The San Francisco-based managing general agency (MGA) says it will now provide …

Coalition in California Names Weryk Head of Business Development

San Francisco, Calif.-based Coalition has named Marcin Weryk head of business development. Weryk will support growth by driving the company’s distribution strategy. Weryk has more than 15 years of insurance industry experience. He was most recently vice president and head …

Coalition Hires Weryk in New York as Head of Business Development

Coalition, a cyber insurance and security company, has hired Marcin Weryk as head of Business Development. Weryk brings more than 15 years of insurance industry experience as a cyber and technology E&O underwriter to this role, managing teams at global …

Coalition Launches Cyber Insurance and Security Coverage in Canada

Coalition, the cyber insurance and security managing general agent, announced it is offering its products and services to Canada-based businesses. The San Francisco-based company described the offering as proactive cyber-security products and services as well as cyber and technology error …

Cyber Seller Coalition Counters Insurtech Funding Dip, Raises $90 Million for Expansion

Coalition, an insurtech managing general agency focused on cyber insurance and security, disclosed it raised $90 million in new venture financing earlier this year to fuel development of new products and a global expansion. “We are in the fortunate position …

Coalition in California Raises $90M to Grow Internationally

San Francisco, Calif.-based Coalition, a cyber insurance and security company, announced it has raised $90 million in equity capital to support its growth and global expansion. Valor Equity Partners led the funding with participation from Felicis Ventures, Greyhound Capital, and …