Coalition News

People Moves: Anderson Joins Safety National Cyber Team; Coalition Hires First CFO

Steven Anderson joins Safety National’s Cyber Insurance Team Steven Anderson has joined the Safety National cyber insurance team as Director of Cyber Underwriting. Anderson will be based out of the company’s Dallas office. With nearly 30 years of industry experience, …

Coalition Closes $250M in Series F Funding, Bringing Its Valuation to $5B

Coalition announced it has raised an additional $250 million to accelerate its growth, power international expansion and broaden the services it offers to help organizations manage digital risk. This funding round closed in June with participation from Allianz X, Valor …

Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard

Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition. According to its 2022 Cyber Claims Report, Coalition concluded that from 2020 …

People Moves: Coalition in California Adds Livingstone; LP Names Cooper to Commercial Insurance Team

San Francisco, California-based Coalition named Jennifer Livingstone head of strategic agency management. Livingstone has more than 25 years of leadership experience in broker management, business development, marketing, underwriting, operations, and sales management at both insurance carriers and insurtechs. Livingstone was …

Insurtech Coalition Forms Captive Insurer to Enhance Cyber Insurance Capacity

Managing general insurance agency and cyber security company Coalition has launched a captive insurer to begin taking risk on its cyber insurance programs. The captive, domiciled in Hawaii, will provide capacity in addition to its current long-term capacity agreements from …

Coalition Enters Executive Risk Insurance Market for Small Business

Coalition has launched new executive risks insurance products for small and midsize businesses. The directors and officers (D&O) and employment practices liability (EPL) coverages are underwritten by Zurich North America. Coalition says its broker platform integrates real-time financial, regulatory, and …

People Moves: Coalition in California Names Tkatch Head of Insurance Infrastructure; AP Keenan Adds Carpenter

San Francisco, Calif.-based Coalition named Dovid Tkatch head of insurance infrastructure and actuarial science, a newly created position. Tkatch will manage pricing, reserving, capital requirements, regulatory compliance, state filings, and interaction with reinsurers. Tkatch has global and domestic insurance and …

Coalition Acquires Digital Commercial Agency Attune

Coalition, a San Francisco-based cyber insurance and security company, has acquired Attune, a digital agency with a platform focused on commercial insurance. With the acquisition, Coalition maintains it will be the world’s largest commercial insurtech provider, with more than 130,000 …

Cyber Insurance and Security MGA Coalition Raises $205M

Coalition, a San Francisco-based cyber insurance and security company, has already been focused on rapid growth. Its new $205 million venture capital financing will help supercharge that strategy even further. Coalition said the investment will help accelerate its plans to …

What Insurance Firms Promised at White House Cybersecurity Summit

Four insurance firms β€” Travelers, Coalition, Resilience Cyber Solutions and Vantage Groupβ€” were among the participants in the White House summit on cybersecurity along with giant technology firms and Biden Administration officials. “The federal government can’t meet this challenge alone,” …