Menu

Reinsurance News

Coalition launches cyber-focused Captive

13th December 2021 - Author: Charlie Wood

Commercial lines insurtech Coalition is set to launch a new captive targeting risk on its cyber programs.

It’s hoped this Captive will enhance Coalition’s ability to manage capacity and its long-term growth objectives, whilst also aligning incentives with its customers.

The firm’s technology-driven approach is eyeing a new, more successful model of risk management which has seen policyholders experience 70% fewer cyber claims when compared to other carriers in the market.

In 2021, the success of Coalition’s underwriting model was validated by long-term capacity agreements from multiple A+ rated carriers.

“Today’s announcement demonstrates our unwavering commitment to protecting businesses from cyber risk, and our confidence in Coalition’s approach to underwriting and risk management,” said Shawn Ram, Head of Insurance at Coalition.

“Coalition provides businesses with the most comprehensive insurance available backed by the financial strength of multiple A+ rated insurers.

“With our new captive, we add another layer of security and stability, and more closely align our financial incentives with our customers.”

Dovid Tkatch, Coalition’s recently appointed Head of Insurance Infrastructure and Actuarial Science, will support development of the captive as well as oversee pricing, reserving, capital requirements, and regulatory compliance.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Lloyd’s names General Representative for Luxembourg

Lloyd’s Insurance Company S.A. (LIC), the European subsidiary of the insurance and reinsurance marketplace, has appointed Martial de Calbiac as...

Close