Cyber Insurance Firm Coalition Gets $30M Equity Investment From Mitsui Sumitomo March 4, 2025 Global cyber insurance provider Coalition announced a new $30 million equity investment from Insurance Co., Ltd. (MSI), a member of...
People Moves: Karmilowicz Resigns as Chair of Everest Global Insurance; TMK Taps AXIS’ Furness-Smith as APAC Cyber U/W; Coalition Names Kanno for UK Cybersecurity December 4, 2024 This edition of International People Moves details resignations and appointments at two insurers — Everest Group and Tokio Marine Kiln...
People Moves: Coalition Taps Munich Re’s Foster as Head of London Mkts.; Hamilton Re Expands Into Credit, Bond & Political Risk Reinsurance With Lottimore Appointment November 27, 2024 This edition of International People Moves details appointments at the MGA Coalition and Hamilton Re. A summary of these new...
Markets/Coverages: Hartford and Coalition Announce Cyber Capacity Partnership in UK October 29, 2024 The Hartford and cyber-MGA Coalition announced a strategic, long-term capacity partnership in response to growing customer and broker demand for...
Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks October 18, 2024 Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, has become the first cyber insurance provider in the...
Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows October 11, 2024 Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber...
People Moves: Coalition Appoints AIG’s Simonsen as European Head of Insurance October 7, 2024 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, has appointed Tine Simonsen as the company’s head of...
Coalition Starts Reinsurance Intermediary Coalition Re Led by Aspen Capacity September 9, 2024 Coalition today announced the creation of its reinsurance intermediary, Coalition Re, to provide capacity for cyber reinsurance treaties and expand...
Markets/Coverages: Coalition Enters Excess Cyber Insurance Market in Australia May 15, 2024 Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in...
Report: Cybercrime ‘A Thriving Business’ as US Claims Frequency Rises April 26, 2024 By Nehemiah Balaoroin Cyber claims frequency in the U.S. rose 13% last year, a new report shows. According to Coalition’s 2024 Cyber Claims...