Reinsurance News

Coalition appoints first-ever CFO, names two more new hires

8th August 2022 - Author: Kassandra Jimenez-Sanchez

Cyber insurance and security provider, Coalition, has appointed Jim Young as its first Chief Financial Officer (CFO) after raising $250m in a Series F funding round.

According to Coalition, as first-ever CFO, Young will play a critical role in scaling the firm’s business and financial operations.

He brings over 20 years of experience leading global finance companies and public, as well as private, technology companies, serving as Chief Financial Officer at Broadridge, an S&P 500 company and Fintech leader.

Prior to that, Young served in senior finance roles at Visa Inc. including SVP of finance, and played a lead role in Visa’s $19B IPO. Most recently, he served as CFO of ag-tech company Indigo Ag.

Young said: “Coalition’s vision to provide security for all as the world digitises is more important now than ever.”

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“I’m thrilled to be joining the company at this critical juncture, and to join in Coalition’s effort to protect organisations globally with Active Insurance and technology solutions.”

Other new hires include John Littzi as General Counsel, and Julie Richardson as board member.

Littzi will be responsible for the firm’s global legal affairs and serves as principal counsel to the company’s Founder and CEO, Joshua Motta, as well as its senior management team and board of directors.

Prior to Coalition, he served as sole Deputy General Counsel of W. R. Berkley Corporation, an S&P 500 company and one of the largest commercial lines property & casualty insurance holding companies in the US.

Littzi began his career as an associate in the Mergers and Acquisitions and Financial Institutions groups at Skadden, Arps, Slate, Meagher and Flom LLP in New York.

He said: “The technology and data at the core of Coalition are unrivalled. After spending over a decade at a world class insurance organisation, I look forward to using my experience to help Coalition protect and prepare organisations for the digital risks of the future as every part of our global economy becomes more reliant on technology.”

Richardson brings over 25 years of experience on Wall Street in investment banking and private equity roles.

Currently she serves on the boards of UBS, and YEXT. She also recently served on the board of The Hartford from 2014 to 2020, and chaired the company’s audit committee for three years.

Richardson said: ““As the landscape of digital risk has evolved and intensified over the past several years, I’ve been impressed by changemakers in the space seeking a different and better solution.

“Coalition’s approach to solving digital risk is one I am proud to align with, and I’m honoured to be joining this industry-leading team on their journey.”

Coalition’s co-founder and CEO, Joshua Motta, commented: “The new additions to our leadership team bring decades of experience building global technology and finance companies, and are proven leaders who will help Coalition to navigate new markets and accelerate our internal development during a sustained period of rapid growth.

“Julie, Jim, and John each have a wealth of experience building large companies that have all grown to become global leaders.”

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