Coalition, the world’s largest commercial insurtech provider, today announced it will launch a new captive to begin taking risk on its cyber insurance programs. With this captive, Coalition will enhance its ability to manage capacity and its long-term growth objectives while further aligning incentives with its customers. Coalition’s technology-driven approach is powering a new, more… Continue reading Insurtech Coalition Launches Captive to Accelerate its Growth in Cyber Insurance
Tag: Coalition
Cybersecurity Insurance Provider Coalition Nabs $205M
Cyber insurance company Coalition today announced that it raised $205 million in a series E funding round, bringing its total raised to $505 million at a $3.5 billion post-money valuation. The financing, which was led by Durable Capital, T. Rowe Price, and Whale Rock Capital with participation from the company’s existing investors, will be used… Continue reading Cybersecurity Insurance Provider Coalition Nabs $205M
Ransomware Payment Demands Triple 1H, Coalition Reports
Ransomware groups demanded three times the payoff from their cyberattack victims in the first half of 2021 compared to the corresponding period in 2020, said Coalition, a cybersecurity insurance provider, in a new analysis of 50,000 of its policyholders in North America. The company’s H1 2021 Cyber Insurance Claims Report found that the average ransom… Continue reading Ransomware Payment Demands Triple 1H, Coalition Reports
Cybersecurity Insurance Startup Coalition Raises $90M Series C
Coalition announced that it has closed a $90 million Series C. The funding comes around a year after the cybersecurity insurance startup raised a $40 million Series B. The startup’s new, larger funding round was led by Valor Equity Partners and included participation from Greyhound Capital and Felicis, along with “existing investors,” per the company.… Continue reading Cybersecurity Insurance Startup Coalition Raises $90M Series C