Cyber claims frequency in the U.S. rose 13% last year, a new report shows. According to Coalition’s 2024 Cyber Claims Report, released this week, cybercrime is “a thriving business that adversely impacts” the economy. In 2023, there were more than …
Cyber insurance provider Coalition said it expects the total number of common vulnerabilities and exposures (CVEs) to increase by 25% in 2024 to 34,888 vulnerabilities, or roughly 2,900 per month. The insurtech’s Cyber Threat Index 2024 detailed cybersecurity trends from …
Robert Jones has joined Coalition as the head of global claims. He will step into the role Feb. 5. Jones previously spent 32 years at AIG where he most recently served as the executive vice president of financial lines, specialty …
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, launched its suite of innovative Active Cyber Insurance products in Australia. Active Cyber Insurance works with organizations to help them understand their cyber risk profiles, improve their defenses, and, …
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced a strategic partnership with Japan’s MS&AD Insurance Group to provide cybersecurity monitoring solutions for small and medium-sized businesses (SMBs). MS&AD Insurance Group, the largest non-life insurer in Japan …
Coalition’s Executive Risks Insurance Now Available On Surplus Lines Paper Coalition announced its executive risks insurance products are now available on surplus lines paper, making comprehensive management liability coverage available to a wider range of businesses. Coalition offers executive risks …
This edition of International People Moves details appointments at AXA XL, Berkshire Hathaway Specialty Insurance (BHSI), and the cyber insurer Coalition. AXA XL Names Hopkinson as Canada Country Manager AXA XL announced the appointment of Glen Hopkinson as the new …
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced its cyber insurance and technology errors and omissions (E&O) insurance offerings are now available in Quebec. Brokers can receive highly streamlined quotes for small businesses to large enterprises, …
Outdated technology, poor software maintenance, and the dreaded clicking of a malicious link were most to blame for cyber insurance claims experienced by policyholders in 2022, according to a new report from Coalition. “Threat actors are forever looking for targets …
John Coletti, an cyber insurance veteran who was formerly the head of cyber reinsurance at Swiss Re, has been hired by Coalition as it head of cyber underwriting. At Swiss Re, Coletti was the head of global cyber, responsible for …
