Coalition

Fast-Growing Cyber-Insurer Coalition Turns to Ascot for Additional Coverage Capacity 

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“Coalition continues to expand its capacity relationships and cyber insurance business in a market that is highly dynamic. Coalition year-over-year revenue grew by more than 400% in 2021 as the company scaled to serve 140,000+ customers. Coalition’s run rate GWP (gross written premium) now exceeds $650 million, as the company achieves high growth at scale.” … Read more

Coalition Launches Cyber Insurance Captive 

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Reported elsewhere: “The captive, domiciled in Hawaii, will provide capacity in addition to its current long-term capacity agreements from carriers including Swiss Re and Arch Insurance.” The insuretech company continues to scale at a rapid pace. “Coalition has delivered superior claims results amidst significant growth as it crosses $400M in run rate premium, an 800% … Read more

Coalition’s Valuation Doubles in Six Months as VCs Continue to Fund Cyber Insurance Players 

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“Coalition is not the only cyber insurer this year to attract the attention of venture capital. In March—the same month Coalition announced its Series D—Boston-based Corvus Insurance announced a $100 million Series C at a $750 million valuation, and Pleasanton, California-based insurtech startup Cowbell Cyber raised a $20 million Series A.” Source: VCs Continue To Flock To Cyber Insurance As Coalition’s … Read more

Cyber Insurers Join NIST to Create New Framework for Cybersecurity Products and Audits; From White House Cyber Summit w/ President Biden and Industry

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“The National Institute of Standards and Technology will work with Microsoft, Google and the insurance industry companies Travelers and Coalition to create a new framework designed to help guide the creation of more secure technology products and to audit the security of technology products, the administration said in the fact sheet.” Coalition and Resilience also … Read more

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