Reinsurance News
Coalition
Coalition launches new Miscellaneous Professional Liability Insurance coverage
30th January 2024
Coalition, the Active Insurance provider, has announced it's new Miscellaneous Professional Liability (MPL) Insurance coverage. According to the firm, this coverage helps protect against the impact of a claim that a organisation committed errors and omissions in performing a professional service. From what we understand, the firm's MPL Insurance coverage is available ... Read the full article
Coalition appoints Mark Bird to lead UK Incident Response division
15th January 2024
Coalition has announced the appointment of Mark Bird as the head of Coalition Incident Response UK Ltd. (CIR), the company's affiliate incident response and cyber forensics organisation. Bird, a former Acting Sergeant in the police cybercrime unit, brings over 16 years of experience in investigating cybercrime with the West Midlands Police. Mark ... Read the full article
Coalition adds Allianz CEO Bäte to Board
28th November 2023
Active Insurance provider, Coalition, has appointed Oliver Bäte, the Chief Executive Officer (CEO) of global insurer Allianz SE, to its Board of Directors. Joshua Motta, Coalition’s Chief Executive Officer and Co-founder, commented on the addition: "We’re thrilled to have Oliver join Coalition’s Board as it’s a testament to his commitment to ... Read the full article
Coalition expands Northern UK presence with key underwriting hire
13th November 2023
Coalition has announced that it has appointed Gareth Machin as its first Manchester-based underwriter in the UK. Machin's appointment comes as part of the company's ongoing drive to provide regional support for brokers in addition to its London headquarters. Machin, a former senior professional indemnity (PI) underwriter with Allianz, has joined Coalition ... Read the full article
Coalition launches Active Cyber Insurance in Australia
6th November 2023
Coalition has introduced its suite of Active Cyber Insurance products in Australia. This insurance offering is designed to go beyond risk transfer, actively assisting organisations in understanding their cyber risk profiles, enhancing their cybersecurity defenses, and proactively preventing future cyberattacks, the company said. In recent years, Australia has witnessed numerous high-profile cyber ... Read the full article
Coalition’s Executive Risks Insurance now available on surplus lines paper
9th October 2023
Coalition’s comprehensive Executive Risks Insurance products are now available on surplus lines paper, making comprehensive management liability coverage available to a wider range of businesses. The cyber insurance provider now offers Executive Risks Insurance - including Directors & Officers Liability (D&O), Employment Practices Liability (EPL), Fiduciary Liability, and Crime Insurance - ... Read the full article
Coalition & MS&AD partner up to provide cybersecurity insurance solutions in Japan
4th October 2023
Coalition, a pioneering Active Insurance provider, has entered into a strategic partnership with MS&AD Insurance Group, the largest non-life insurer in Japan and across the ASEAN region, to provide cybersecurity monitoring solutions to small and medium-sized businesses (SMBs). Recently, MS&AD Insurance Group launched the MS&AD Cyber Risk Finder, the company's very ... Read the full article
Coalition partners with HDI Global Specialty to expand cyber insurance in Canada
28th September 2023
Coalition, a pioneering Active Insurance provider focused on preemptively mitigating digital risks, has unveiled a strategic long-term partnership with HDI Global Specialty SE. As the specialty insurance arm of HDI Global SE, a renowned insurer, HDI Global Specialty SE is set to make significant inroads into the Canadian cyber insurance market ... Read the full article
Coalition’s mid-2023 report shows 12% rise in cyber claims due to ransomware & fraud
21st September 2023
In its "2023 Cyber Claims Report: Mid-year Update," Coalition, a leading Active Insurance provider for digital risk prevention, reveals a concerning 12% increase in cyber claims during the first half of 2023, driven by rising ransomware attacks and funds transfer fraud. The Mid-year Update underscores the broadening impact of cyber threats, ... Read the full article
MS Amlin’s John Wynne Davies joins Coalition’s Special Projects team
22nd August 2023
Cyber insurance provider, Coalition has announced that John Wynne Davies has joined the company as its first Special Projects Lead in the UK. Having previously served as MS Amlin’s Strategy Manager for Lloyd’s, in his new role, Wynne Davies will be responsible for developing and implementing Coalition’s strategy in the UK, which ... Read the full article
Coalition unveils vulnerability scoring system designed to mitigate cyber threats
15th June 2023
Cyber insurance provider Coalition, has unveiled the Coalition Exploit Scoring System (Coalition ESS), a vulnerability scoring system designed to help risk managers mitigate potential cyber threats. Developed by Coalition Security Labs - the firm's research and innovation center - Coalition ESS is a security risk prioritization scoring system that leverages real-time ... Read the full article
Vulnerable organisations 33% more likely to experience cyber claims: Coalition
18th May 2023
Policyholders with even one unresolved critical vulnerability are 33% more likely to experience a cyber claim, according to a recent report by cyber insurance provider Coalition. The 2023 edition of the Cyber Claims Report also confirmed human error or inaction as the top exploited attack vector, with organisations using end-of-life software ... Read the full article
Coalition names John Coletti as head of Cyber Underwriting
15th May 2023
Cyber insurance provider Coalition announced the appointment of John Coletti as the Head of Cyber Underwriting. Coletti brings with him a wealth of experience from his previous role as the Head of Cyber Reinsurance at Swiss Re, one of the world's largest reinsurers. He held various other senior underwriting roles in AXA ... Read the full article
Coalition launches next generation Cyber Risk Management Platform
2nd May 2023
Cyber insurance provider Coalition has launched the next generation of its cyber risk management platform, Coalition Control. The platform combines cyber risk monitoring, assessment, and quantification tools with third-party risk management and AI-powered assistance to provide unparalleled risk management capabilities to organizations of all sizes. "Releasing the next generation of Coalition Control ... Read the full article
Coalition launches generative AI for brokers and businesses
11th April 2023
CoalitionAI™, a new initiative to deploy generative AI and large language models to help brokers and businesses protect themselves from cyber risk, has been launched by Coalition. The new features released today use a combination of proprietary technology, large language modeling, and generative pre-trained transformers. The insurer plans to introduce additional AI ... Read the full article
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