Summary:Coalition: Difference between revisions

|1 = {{#if:{{{bullet|}}}|* }}US-domiciled [[Definition:Insurtech |cyber insurtech]] [[Definition:Managing general agent (MGA) |MGA]], [[Definition:Capacity |multi-carrier capacity]], integrated security platform, $5B valuation, $770M raised

|2 = {{#if:{{{bullet|}}}|* }}Coalition is a Delaware-domiciled [[Definition:Insurtech |cyber insurtech]] [[Definition:Managing general agent (MGA) |MGA]] operating across eight countries, combining multi-carrier insurance capacity, a proprietary security platform (Coalition Control), and affiliated [[Definition:Incident response |incident response]] services, valued at $5B after raising $770M through Series F.

|3 = {{#if:{{{bullet|}}}|* }}🛡️ '''Coalition''' is a Delaware-incorporated [[Definition:Insurtech |cyber insurtech]] [[Definition:Managing general agent (MGA) |managing general agent]] that launched in December 2017 and operates a hybrid structure combining insurance distribution, [[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 a [[Definition:Reinsurance intermediary |reinsurance intermediary]] (Coalition Re). By July 2022 the company had raised $770M across six rounds at a $5B valuation, serving over 160,000 customers with [[Definition:Run rate |run rate]] [[Definition:Gross written premium (GWP) |gross written premium]] exceeding $775M. Coalition distributes through [[Definition:Insurance broker |brokers]] across eight countries — the United States, Canada, United Kingdom, Germany, Denmark, Sweden, France, and Australia — supported by capacity from [[Definition:Swiss Re |Swiss Re Corporate Solutions]], [[Definition:Arch Capital Group |Arch Insurance]], [[Definition:Lloyd's of London |Lloyd's of London]], [[Definition:Ascot Group |Ascot Group]], Aspen, and regional carriers.

|4 = {{#if:{{{bullet|}}}|* }}🛡️ '''Coalition''' is a Delaware-incorporated [[Definition:Insurtech |cyber insurtech]] [[Definition:Managing general agent (MGA) |managing general agent]] that launched in December 2017, combining insurance distribution, [[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 a [[Definition:Reinsurance intermediary |reinsurance intermediary]] (Coalition Re). Co-founded by Joshua Motta (CEO) and John Hering, the company raised $770M across six rounds through July 2022 at a $5B post-money valuation, with investors including [[Definition:Allianz |Allianz X]], [[Definition:Index Ventures |Index Ventures]], [[Definition:Durable Capital Partners |Durable Capital]], [[Definition:T. Rowe Price |T. Rowe Price]], and [[Definition:Valor Equity Partners |Valor Equity Partners]].{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}📊 '''Scale and products.''' Coalition served over 160,000 customers with [[Definition:Run rate |run rate]] [[Definition:Gross written premium (GWP) |GWP]] exceeding $775M as of July 2022, distributing through [[Definition:Insurance broker |brokers]] across eight countries including the US, UK, Canada, Germany, and Australia. The flagship Coalition Active Cyber Policy (effective April 2025) covers [[Definition:Business interruption insurance |business interruption]], [[Definition:Ransomware |ransomware]], [[Definition:Social engineering fraud |social engineering]], and [[Definition:Regulatory liability |regulatory liability]], with [[Definition:Endorsement |endorsements]] for [[Definition:Deepfake |deepfake]] response and [[Definition:Bodily injury |bodily injury]], alongside [[Definition:Technology errors and omissions insurance |technology E&O]] and miscellaneous [[Definition:Professional liability insurance |professional liability]] for eligible businesses.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🔧 '''Technology and strategy.''' Coalition Control, the proprietary security platform, integrates BinaryEdge internet-scale scanning, [[Definition:Attack surface management |attack surface monitoring]], [[Definition:Third-party risk management |third-party risk monitoring]], and the CoalitionAI Security Copilot, with full access included for policyholders and [[Definition:Premium credit |premium credits]] of up to 12.5% for [[Definition:Managed detection and response (MDR) |MDR]] adoption. The November 2025 acquisition of Wirespeed adds automated MDR with a median 1,801-millisecond time-to-verdict, while Coalition Re extends the model into [[Definition:Cedant |cedant]]-facing reinsurance underwriting.

|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.