Coalition

Coalition Partners with Mitsui Sumitomo Insurance to Expand Cyber Insurance in Australia

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Cyber insurance in the Asia-Pacific (APAC) region is expanding rapidly as businesses confront increasing threats from cyberattacks and data breaches. As digital transformation accelerates across industries, companies of all sizes become more vulnerable to risks like ransomware, phishing, and malware. Coalition has announced a multi-year capacity agreement with Mitsui Sumitomo Insurance Co., Ltd. (MSI), part … Read more

Severity of Ransomware Attacks Surges in First Half of 2024 – Coalition Report

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In the rapidly evolving cyber threat landscape, the year 2024 has seen a dramatic increase in ransomware attack severity, according to Coalition’s newly released 2024 Cyber Claims Report: Mid-year Update. The report reveals that while the overall frequency of ransomware attacks decreased, the financial impact of each successful attack soared by 68%, with the average … Read more

Cyber Insurance Sunday – Upload

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Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some from us, some from others: Chubb on trust in digital payments; Resilience, Cowbell, and Coalition with people news; NSA official asks about the wisdom of paying ransomware; European Union NIS2 compliance looms; A piece on China-linked hackers … Read more

Coalition Strengthens European Operations with Appointment of Tine Simonsen as Head of Insurance

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Coalition has appointed Tine Simonsen as Head of Insurance for Continental Europe, marking a significant step in its European expansion. Coalition, known for its Active Insurance model, is enhancing its presence in the European market with Simonsen at the helm. This move is set to bolster Coalition European operations. Simonsen brings nearly 14 years of … Read more

Cyber Insurance Sunday – Upload

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Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some from us, some from others: Delinea on the importance of Identity; Coalition grows; Bermuda Monetary Authority with a must-read report; Hartford Steam Boiler’s personal cyber insurance; A concerning report on Britian’s National Crime Agency (NCA); And a … Read more

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