Reinsurance News

Coaction Global

Coaction Specialty names former Ascot Re CEO Berger as Chairman

24th May 2024

Coaction Specialty Insurance Group, a privately-owned, specialty P&C insurer, has named former Ascot Re executive, John Berger as Chairman of the Board, effective immediately. Berger replaces previous Chairman Stan Galanski, who has held the position since August of 2021. Jonathan Ritz, Chief Executive Officer (CEO), Coaction, commented, “I am pleased to welcome ... Read the full article

Coaction adds Christopher Cavallaro to Board of Directors

14th May 2024

Christopher Cavallaro is joining Coaction’s Board as Independent Board Director, effective in May of 2024. Cavallaro joins the specialty P&C insurer’s Board having built a distinguished career in the professional lines space, including founding ARC Excess & Surplus in 1986. Prior to ARC, he served as Senior Vice President of Management and ... Read the full article

Coaction raises $200 million in capital to fuel growth and transformation

8th September 2023

Private specialty insurance group Coaction Global, Inc (Coaction) has announced the successful completion of a significant capital raise totaling approximately $200 million. The infusion of equity is aimed at bolstering the company's expansion efforts as it progresses toward becoming a comprehensive specialty insurance provider. The funding round was spearheaded by existing investors, ... Read the full article

Coaction Global appoints Erin Bagley as EVP and General Counsel

3rd July 2023

The privately-held specialty insurance company, Coaction Global, Inc, has announced the appointment of Erin Brennan Bagley as Executive Vice President (EVP) and General Counsel, effective immediately. Bagley is an industry veteran with more than 20 years of experience as a lawyer in the insurance industry. Her remit in the role is ... Read the full article

Coaction names William Sloan as EVP and CFO

1st June 2023

Specialty property and casualty insurer Coaction has appointed William (Bill) Sloan as executive vice president and chief financial officer (CFO), effective immediately. In his new role, Sloan will oversee Coaction's finance organisation, including accounting, controllership, financial planning and analysis, tax, investor relations, asset management, and treasury. He will be based at ... Read the full article

Coaction names Ellen Edmonds as chief actuarial officer

17th June 2022

Specialty property and casualty insurer Coaction has appointed Ellen Edmonds as chief actuarial officer. Edmonds will report to Jonathan Ritz, CEO of Coaction and began in her new role on Wednesday. Most recently, Edmonds served as senior vice president and chief reserving actuary at Everest RE, after roles at Everest, Crum ... Read the full article

ProSight rebrands as Coaction Specialty

21st April 2022

Privately-owned specialty property & casualty (P&C) insurer, ProSight Global, Inc. (ProSight) has announced that it has rebranded as Coaction Specialty – a wholly-owned subsidiary of Coaction Global, Inc. (Coaction), effective immediately. As part of the rebrand, and demonstrating its commitment to addressing Environmental, Social, and Governance (ESG) issues, Coaction has also ... Read the full article