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|1 = {{#if:{{{bullet|}}}|* }}DelawareUS-domiciled [[Definition:Insurtech |cyber insurtech,]] hybrid[[Definition:Managing broker/carrier,general Activeagent Insurance(MGA) platform|MGA]], A- rated admitted carrier, global[[Definition:Capacity |multi-carrier capacity]], scaledintegrated tosecurity platform, $775M+5B run-ratevaluation, $770M GWP.raised
|2 = {{#if:{{{bullet|}}}|* }}Coalition, Inc. is a Delaware-domiciled [[Definition:Insurtech |cyber insurtech]] combining[[Definition:Managing brokergeneral distribution,agent an(MGA) A-|MGA]] ratedoperating admittedacross eight countries, combining multi-carrier insurance capacity, Activea Insuranceproprietary servicessecurity platform (Coalition Control), and globalaffiliated multi-carrier[[Definition:Incident cyberresponse capacity|incident scaledresponse]] pastservices, valued at $7755B millionafter ofraising run-rate$770M through Series GWPF.
|3 = {{#if:{{{bullet|}}}|* }}🛡️ '''Coalition, Inc.''' is a Delaware-incorporated [[Definition:Insurtech |cyber insurtech]] [[Definition:Managing general agent (MGA) |managing general agent]] that combineslaunched in December 2017 and operates a licensedhybrid USstructure producercombining andinsurance surplusdistribution, lines[[Definition:Capacity broker|multi-carrier capacity]], an A-[[Definition:Admitted ratedcarrier |admitted carrier]] (Coalition Insurance Company, [[Definition:National Association of Insurance Commissioners (NAIC) |NAIC]] #29530, [[Definition:AM Best |AM Best]] A-), affiliated securitycybersecurity services, and a [[Definition:Reinsurance intermediary |reinsurance intermediary]] under(Coalition itsRe). ActiveBy InsuranceJuly model.2022 Publicthe disclosurescompany showhad rapidraised scale,$770M withacross moresix thanrounds at a $5B valuation, serving over 160,000 customers andwith over[[Definition:Run $775 million inrate |run- rate]] gross[[Definition:Gross written premium by(GWP) July|gross 2022,written supportedpremium]] byexceeding $770775M. millionCoalition ofdistributes disclosedthrough equity[[Definition:Insurance fundingbroker through|brokers]] 2022.across Theeight groupcountries distributes— primarilythe throughUnited brokersStates, acrossCanada, theUnited USKingdom, andGermany, multipleDenmark, internationalSweden, marketsFrance, whileand itsAustralia only— documentablesupported AXAby linkcapacity isfrom legacy[[Definition:Swiss nameRe history|Swiss atRe theCorporate carrierSolutions]], shell[[Definition:Arch levelCapital ratherGroup than|Arch aInsurance]], current[[Definition:Lloyd's of London |Lloyd's of ownershipLondon]], capacity[[Definition:Ascot Group |Ascot Group]], orAspen, distributionand regional relationshipcarriers.
|4 = {{#if:{{{bullet|}}}|* }}🏢🛡️ '''Coalition, Inc.''' is a Delaware-incorporated corporation[[Definition:Insurtech that|cyber operatesinsurtech]] a[[Definition:Managing hybridgeneral cyberagent insurtech(MGA) model|managing general agent]] that launched in December 2017, spanningcombining insurance distribution, admitted[[Definition:Capacity |multi-carrier capacity]], an [[Definition:Admitted carrier |admitted carrier]] (Coalition Insurance Company, [[Definition:National Association of Insurance Commissioners (NAIC) |NAIC]] #29530, [[Definition:AM Best |AM Best]] A-), affiliated cybersecurity services, and reinsurancea intermediation[[Definition:Reinsurance underintermediary the|reinsurance intermediary]] (Coalition brandRe). ItsCo-founded admittedby carrier,Joshua CoalitionMotta Insurance(CEO) Companyand John Hering, isthe domiciledcompany inraised New$770M Yorkacross andsix heldrounds anthrough AMJuly Best2022 A-at (Excellent)a financial$5B strengthpost-money ratingvaluation, inwith Julyinvestors 2024.including Public[[Definition:Allianz disclosures|Allianz showX]], rapid[[Definition:Index scaleVentures |Index Ventures]], reaching[[Definition:Durable moreCapital thanPartners 160|Durable Capital]],000 customers[[Definition:T. andRowe overPrice $775|T. millionRowe inPrice]], run-rateand gross[[Definition:Valor writtenEquity premiumPartners by|Valor JulyEquity 2022Partners]].{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🛡️📊 '''PlatformScale and products.''' Coalition's Activeserved Insuranceover model160,000 combinescustomers cyberwith insurance[[Definition:Run withrate Coalition|run Controlrate]] [[Definition:Gross written premium (GWP) |GWP]] exceeding $775M as of July 2022, andistributing outside-inthrough scanning[[Definition:Insurance andbroker risk|brokers]] monitoringacross platformeight builtcountries onincluding proprietarythe claimsUS, incidentUK, andCanada, securityGermany, dataand Australia. The 2025flagship Coalition Active Cyber Policy includes(effective broadApril first-party2025) andcovers third-party[[Definition:Business cyberinterruption coverages,insurance with|business optionalinterruption]], Tech[[Definition:Ransomware E&O|ransomware]], MPL[[Definition:Social engineering fraud |social engineering]], and selected[[Definition:Regulatory liability |regulatory liability]], with [[Definition:Endorsement |endorsements]] suchfor as[[Definition:Deepfake |deepfake]] response. Breachand response[[Definition:Bodily isinjury embedded|bodily throughinjury]], panel-basedalongside rapid[[Definition:Technology response serviceserrors and affiliatedomissions incidentinsurance response|technology support,E&O]] withand economicmiscellaneous incentives[[Definition:Professional tiedliability toinsurance remediation|professional andliability]] securityfor tooleligible adoptionbusinesses.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}💰🔧 '''Capital, capacity,Technology and outlookstrategy.''' Coalition disclosedControl, $770the millionproprietary ofsecurity equityplatform, fundingintegrates acrossBinaryEdge 2018internet-scale to 2022scanning, culminating[[Definition:Attack insurface amanagement July|attack 2022surface Seriesmonitoring]], F[[Definition:Third-party ledrisk bymanagement Allianz|third-party Xrisk atmonitoring]], aand $5the billionCoalitionAI valuation.Security ItsCopilot, multi-carrierwith capacity modelfull hasaccess included Swissfor Repolicyholders Corporateand Solutions,[[Definition:Premium Arch,credit Ascot,|premium Lloyd's,credits]] andof Aspen,up whileto Coalition12.5% Refor extends[[Definition:Managed thedetection groupand towardresponse cedant-facing(MDR) reinsurance|MDR]] intermediationadoption. KeyThe risksNovember center2025 onacquisition carrierof dependency,Wirespeed systemicadds cyberautomated aggregation,MDR internationalwith compliancea complexitymedian 1,801-millisecond andtime-to-verdict, executionwhile demandsCoalition aroundRe the company's integrated security and insurance strategy;extends the onlymodel documentedinto AXA[[Definition:Cedant connection|cedant]]-facing is historical carrier shellreinsurance lineageunderwriting.
|5 = {{#if:{{{bullet|}}}|* }}🛡️ '''Coalition''' is a Delaware-incorporated [[Definition:Insurtech |cyber insurtech]] [[Definition:Managing general agent (MGA) |managing general agent]] that launched publicly in December 2017 with initial capacity from [[Definition:Swiss Re |Swiss Re Corporate Solutions]] and Argo. The company operates a hybrid structure combining an insurance distribution entity (producer and [[Definition:Surplus lines broker |surplus lines broker]] in the US), a [[Definition:Capacity |multi-carrier capacity]] model, a licensed [[Definition:Admitted carrier |admitted carrier]] (Coalition Insurance Company, [[Definition:National Association of Insurance Commissioners (NAIC) |NAIC]] #29530), affiliated cybersecurity services through Coalition Incident Response, and a [[Definition:Reinsurance intermediary |reinsurance intermediary]] branded Coalition Re.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}👤 '''Leadership.''' Co-founded by CEO Joshua Motta — whose background spans Cloudflare, Goldman Sachs, the CIA, and Microsoft — and John Hering, whose experience includes founding cybersecurity companies such as Lookout, Cloudflare, OpenDNS, and HackerOne. The executive team includes a Chief Revenue Officer, CFO, CPO, CTO, Head of Insurance, General Counsel, CMO, [[Definition:Chief Underwriting Officer |Chief Underwriting Officer]], and Chief of Staff, with Allianz SE CEO Oliver Bäte joining the board in late 2023.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}💰 '''Funding.''' Coalition raised a cumulative $770M across six rounds from a February 2018 seed through the $250M Series F in July 2022, which was led by Allianz X and valued the company at $5B. The investor base blends technology-focused growth capital ([[Definition:Index Ventures |Index Ventures]], [[Definition:Ribbit Capital |Ribbit Capital]], [[Definition:Valor Equity Partners |Valor Equity Partners]]) with crossover asset managers ([[Definition:Durable Capital Partners |Durable Capital]], [[Definition:T. Rowe Price |T. Rowe Price]], Whale Rock) and strategic insurtech capital (Allianz X).{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🎯 '''Underwriting scope.''' US appetite covers organizations with up to $5B in annual revenue and up to $15M in [[Definition:Policy limit |limits]], with enhanced features such as the [[Definition:Vanishing retention |Vanishing Retention]] endorsement and unlimited [[Definition:Reinstatement |reinstatements]] reserved for businesses under $100M revenue. UK positioning targets businesses under £1bn revenue with premiums from £111 to £200,000+, and Coalition accepts nearly every industry except adult entertainment, cannabis, casinos, data aggregators, and payment processors.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}📄 '''Products.''' The flagship Coalition Active Cyber Policy, effective April 15, 2025, provides standard coverages including [[Definition:Business interruption insurance |business interruption]], [[Definition:Ransomware |ransomware]] and [[Definition:Cyber extortion |cyber extortion]], [[Definition:Social engineering fraud |social engineering]], [[Definition:Invoice manipulation fraud |invoice manipulation]], and [[Definition:Regulatory liability |regulatory liability]], with [[Definition:Endorsement |endorsements]] for [[Definition:Deepfake |deepfake]] response, [[Definition:Bodily injury |bodily injury]], and [[Definition:Pollution liability insurance |pollution liability]]. Technology E&O and miscellaneous [[Definition:Professional liability insurance |professional liability]] are available for eligible businesses, and policy economics incentivize Coalition's affiliated response through $0 out-of-pocket [[Definition:Digital forensics |digital forensics]] costs.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🔍 '''Technology platform.''' Coalition Control integrates proprietary risk telemetry with BinaryEdge internet-scale scanning, [[Definition:Attack surface management |attack surface monitoring]], [[Definition:Third-party risk management |third-party risk monitoring]], security notifications, and the CoalitionAI Security Copilot for vulnerability interpretation. Policyholders receive full platform access, with [[Definition:Premium credit |premium credits]] of up to 12.5% for MDR adoption and additional [[Definition:Funds transfer fraud |funds transfer fraud]] [[Definition:Sublimit |sublimits]] tied to [[Definition:Security awareness training |security awareness training]] enrollment.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🤖 '''Wirespeed and MDR.''' The November 2025 acquisition of Wirespeed adds automated [[Definition:Managed detection and response (MDR) |managed detection and response]] with a median time-to-verdict of 1,801 milliseconds and 99.99% alert noise reduction, integrating data from Coalition's Active Data Graph including external attack surface monitoring and cyber claims data for 24/7 protection.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🏦 '''Capacity and geography.''' Disclosed capacity counterparties include Swiss Re Corporate Solutions, [[Definition:Arch Capital Group |Arch Insurance North America]], [[Definition:Lloyd's of London |Lloyd's of London]], [[Definition:Ascot Group |Ascot Group]], and [[Definition:Aspen Insurance Holdings |Aspen Specialty Insurance Company]] under a multi-year agreement effective April 2024, plus regional carriers in Australia ([[Definition:Allianz |Allianz Australia]], MSIG, [[Definition:HDI Global |HDI Global SE]]). Coalition distributes through [[Definition:Insurance broker |brokers]] across eight countries — the US, Canada, UK, Germany, Denmark, Sweden, France, and Australia — using jurisdiction-specific regulatory structures.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}📈 '''Financials and scale.''' Coalition reported over 160,000 customers and [[Definition:Run rate |run rate]] [[Definition:Gross written premium (GWP) |GWP]] exceeding $775M as of July 2022, up from 52,000 customers and $325M run rate premium in September 2021. Coalition Insurance Company holds an [[Definition:AM Best |AM Best]] A- (Excellent) [[Definition:Financial strength rating |financial strength rating]] as of July 2024, and the company disclosed nearly 200% [[Definition:Revenue growth |revenue growth]] year-over-year in its 2022 funding announcement.
|5 = {{#if:{{{bullet|}}}|* }}🏢 '''Coalition, Inc.''' is the Delaware parent of a global cyber insurtech group that combines insurance distribution, admitted carrier capacity, cybersecurity services, and reinsurance intermediation under the Coalition brand. The company launched publicly in December 2017 with initial capacity from Swiss Re Corporate Solutions and Argo Group, and it now operates across North America, Europe, and Australia. Its admitted carrier, Coalition Insurance Company, is domiciled in New York and carried an AM Best A- (Excellent) financial strength rating in July 2024.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🔄 '''Business model.''' Coalition operates an Active Insurance model that links underwriting, broker distribution, continuous external scanning, incident response, and post-bind risk management. Revenue is supported by brokered cyber placements, admitted placements through Coalition Insurance Company, affiliated security services, and reinsurance intermediation through Coalition Re. The model is designed to use proprietary security and claims data as both a pricing input and a loss-mitigation lever.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🏛️ '''Regulated footprint.''' In the US, Coalition Insurance Solutions, Inc. acts as the licensed producer and surplus lines broker, while Coalition Insurance Company (NAIC #29530) provides admitted paper. Outside the US, the group uses jurisdiction-specific structures including an appointed representative model in the UK under Davies MGA Services Limited (FCA FRN 597301), a licensed German distribution entity with Danish and Swedish branches, and an Australian subsidiary holding AFSL 539846. This structure reflects a multi-entity operating model rather than a single universally licensed carrier platform.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}👤 '''Leadership and governance.''' Coalition was co-founded by CEO Joshua Motta and John Hering, both drawing from cybersecurity and technology backgrounds that shaped the company's risk-first positioning. The disclosed executive team spans dedicated insurance, product, technology, finance, legal, revenue, and strategy leadership, indicating a more institutional operating setup than a pure startup build. Trade press reported in late 2023 that Allianz SE CEO Oliver Bäte joined the board, while no AXA-linked executive or board role was identified in the reviewed sources.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}💰 '''Funding and scale.''' Coalition disclosed six major equity rounds from February 2018 through July 2022, with the arithmetic sum of announced financings reaching $770 million. Milestones included a $175 million Series D at a $1.75 billion valuation in March 2021, a $205 million Series E at a valuation above $3.5 billion in September 2021, and a $250 million Series F led by Allianz X at a $5 billion valuation in July 2022. Management tied this capital raise cycle to rapid operating scale, reporting more than 52,000 customers and $325 million in run-rate premium in 2021, then more than 160,000 customers and over $775 million in run-rate GWP in 2022.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🤝 '''Distribution and customer segments.''' Brokers are Coalition's primary distribution channel, with platform-based quoting available across all 50 US states and additional international broker access in markets such as the UK and Australia. The underwriting appetite reaches organizations with up to $5 billion in annual revenue and limits up to $15 million, although several product enhancements are reserved for businesses under $100 million in revenue. The customer mix therefore appears centered on scaled SME and middle-market cyber distribution, even though eligibility extends materially upmarket.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}📋 '''Product architecture.''' Coalition's flagship US form is the Coalition Active Cyber Policy released in April 2025, offering standard first-party coverages such as business interruption, ransomware and extortion, data recovery, funds transfer fraud, and reputational harm. Standard third-party protection includes network security and privacy liability, regulatory actions, media liability, and PCI matters, with Tech E&O and miscellaneous professional liability available by eligibility and additional endorsements for areas such as deepfake response or bodily injury and property damage. Policy economics are designed to influence behavior, with vanishing retentions, reduced retentions for early fraud reporting, and unlimited reinstatements available for qualifying smaller insureds.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🔍 '''Security stack.''' Coalition Control is the company's core risk-monitoring platform, combining public internet scanning with proprietary incident, claims, and infosec data to create an outside-in view of policyholder exposure. The stack was strengthened by the 2020 acquisition of BinaryEdge for internet-scale scanning and the 2025 acquisition of Wirespeed for automated managed detection and response, while affiliated Coalition Incident Response provides panel-based support with $0 out-of-pocket costs when used under the policy. Coalition also uses partner integrations across endpoint, identity, email security, awareness training, and other cyber controls, with pricing incentives tied to adoption of selected tools.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🌍 '''Capacity, risk, and outlook.''' Coalition relies on a multi-carrier capacity model that has included Swiss Re Corporate Solutions, Arch, Ascot, Lloyd's, and Aspen, and it has extended this positioning through Coalition Re as a cedant-facing reinsurance intermediary. The company has expanded from the US into Canada, the UK, Germany, the Nordics, Australia, France, and other European markets, but that broader footprint increases regulatory and operational complexity while leaving carrier dependency and systemic cyber aggregation as core risk factors. Strategically, Coalition is evolving toward a fuller cyber risk platform that combines underwriting, security telemetry, incident response, and reinsurance capabilities, and the only documentable AXA connection in the reviewed material is historical name lineage at the carrier shell level rather than a current commercial linkage.
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