“The result: Coalition gains a property and casualty insurer licensed in all 50 states. Financial terms of the deal were not disclosed…
Shawn Ram, head of Insurance for Coalition, described the advantages to the acquisition of Digital Affect:
‘This strategic move empowers Coalition to expand the reach of our market leading active cyber insurance offering together with other admitted insurance products. The acquisition is a natural next step in our evolution, and will allow us to better serve our broker partners and customers, while continuing to push the boundaries of innovation in cyber insurance, executive risks insurance and beyond.’”
Source: Coalition Makes More Cyber Insurance Inroads; Acquires Digital Affect – MSSP Alert