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🛡️ Coalition is a Delaware-incorporated cyber insurtech managing general agent that launched in December 2017 and operates a hybrid structure combining insurance distribution, multi-carrier capacity, an admitted carrier (Coalition Insurance Company, NAIC #29530, AM Best A-), affiliated cybersecurity services, and a 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 run rate gross written premium exceeding $775M. Coalition distributes through brokers across eight countries — the United States, Canada, United Kingdom, Germany, Denmark, Sweden, France, and Australia — supported by capacity from Swiss Re Corporate Solutions, Arch Insurance, Lloyd's of London, Ascot Group, Aspen, and regional carriers.

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-  |1 = {{#if:{{{bullet|}}}|* }}Delaware cyber insurtech, hybrid broker/carrier, Active Insurance platform, A- rated admitted carrier, global multi-carrier capacity, scaled to $775M+ run-rate GWP.
+|1 = {{#if:{{{bullet|}}}|* }}US-domiciled cyber insurtech MGA, multi-carrier capacity, integrated security platform, $5B valuation, $770M raised
-  |2 = {{#if:{{{bullet|}}}|* }}Coalition, Inc. is a Delaware cyber insurtech combining broker distribution, an A- rated admitted carrier, Active Insurance services, and global multi-carrier cyber capacity scaled past $775 million of run-rate GWP.
+|2 = {{#if:{{{bullet|}}}|* }}Coalition is a Delaware-domiciled cyber insurtech MGA operating across eight countries, combining multi-carrier insurance capacity, a proprietary security platform (Coalition Control), and affiliated incident response services, valued at $5B after raising $770M through Series F.
-  |3 = {{#if:{{{bullet|}}}|* }}🛡️ '''Coalition, Inc.''' is a Delaware-incorporated cyber insurtech that combines a licensed US producer and surplus lines broker, an A- rated admitted carrier, affiliated security services, and a reinsurance intermediary under its Active Insurance model. Public disclosures show rapid scale, with more than 160,000 customers and over $775 million in run-rate gross written premium by July 2022, supported by $770 million of disclosed equity funding through 2022. The group distributes primarily through brokers across the US and multiple international markets, while its only documentable AXA link is legacy name history at the carrier shell level rather than a current ownership, capacity, or distribution relationship.
+|3 = {{#if:{{{bullet|}}}|* }}🛡️ '''Coalition''' is a Delaware-incorporated cyber insurtech managing general agent that launched in December 2017 and operates a hybrid structure combining insurance distribution, multi-carrier capacity, an admitted carrier (Coalition Insurance Company, NAIC #29530, AM Best A-), affiliated cybersecurity services, and a 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 run rate gross written premium exceeding $775M. Coalition distributes through brokers across eight countries — the United States, Canada, United Kingdom, Germany, Denmark, Sweden, France, and Australia — supported by capacity from Swiss Re Corporate Solutions, Arch Insurance, Lloyd's of London, Ascot Group, Aspen, and regional carriers.
-  |4 = {{#if:{{{bullet|}}}|* }}🏢 '''Coalition, Inc.''' is a Delaware corporation that operates a hybrid cyber insurtech model spanning insurance distribution, admitted carrier capacity, affiliated cybersecurity services, and reinsurance intermediation under the Coalition brand. Its admitted carrier, Coalition Insurance Company, is domiciled in New York and held an AM Best A- (Excellent) financial strength rating in July 2024. Public disclosures show rapid scale, reaching more than 160,000 customers and over $775 million in run-rate gross written premium by July 2022.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🛡️ '''Platform and products.''' Coalition's Active Insurance model combines cyber insurance with Coalition Control, an outside-in scanning and risk monitoring platform built on proprietary claims, incident, and security data. The 2025 Coalition Active Cyber Policy includes broad first-party and third-party cyber coverages, with optional Tech E&O, MPL, and selected endorsements such as deepfake response. Breach response is embedded through panel-based rapid response services and affiliated incident response support, with economic incentives tied to remediation and security tool adoption.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}💰 '''Capital, capacity, and outlook.''' Coalition disclosed $770 million of equity funding across 2018 to 2022, culminating in a July 2022 Series F led by Allianz X at a $5 billion valuation. Its multi-carrier capacity model has included Swiss Re Corporate Solutions, Arch, Ascot, Lloyd's, and Aspen, while Coalition Re extends the group toward cedant-facing reinsurance intermediation. Key risks center on carrier dependency, systemic cyber aggregation, international compliance complexity, and execution demands around the company's integrated security and insurance strategy; the only documented AXA connection is historical carrier shell lineage.
+|4 = {{#if:{{{bullet|}}}|* }}🛡️ '''Coalition''' is a Delaware-incorporated cyber insurtech managing general agent that launched in December 2017, combining insurance distribution, multi-carrier capacity, an admitted carrier (Coalition Insurance Company, NAIC #29530, AM Best A-), affiliated cybersecurity services, and a 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 Allianz X, Index Ventures, Durable Capital, T. Rowe Price, and Valor Equity Partners.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}📊 '''Scale and products.''' Coalition served over 160,000 customers with run rate GWP exceeding $775M as of July 2022, distributing through brokers across eight countries including the US, UK, Canada, Germany, and Australia. The flagship Coalition Active Cyber Policy (effective April 2025) covers business interruption, ransomware, social engineering, and regulatory liability, with endorsements for deepfake response and bodily injury, alongside technology E&O and miscellaneous 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, attack surface monitoring, third-party risk monitoring, and the CoalitionAI Security Copilot, with full access included for policyholders and premium credits of up to 12.5% for 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 cedant-facing reinsurance underwriting.
-  |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.
+|5 = {{#if:{{{bullet|}}}|* }}🛡️ '''Coalition''' is a Delaware-incorporated cyber insurtech managing general agent that launched publicly in December 2017 with initial capacity from Swiss Re Corporate Solutions and Argo. The company operates a hybrid structure combining an insurance distribution entity (producer and surplus lines broker in the US), a multi-carrier capacity model, a licensed admitted carrier (Coalition Insurance Company, NAIC #29530), affiliated cybersecurity services through Coalition Incident Response, and a 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, 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 (Index Ventures, Ribbit Capital, Valor Equity Partners) with crossover asset managers (Durable Capital, 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 limits, with enhanced features such as the Vanishing Retention endorsement and unlimited 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 business interruption, ransomware and cyber extortion, social engineering, invoice manipulation, and regulatory liability, with endorsements for deepfake response, bodily injury, and pollution liability. Technology E&O and miscellaneous professional liability are available for eligible businesses, and policy economics incentivize Coalition's affiliated response through $0 out-of-pocket digital forensics costs.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🔍 '''Technology platform.''' Coalition Control integrates proprietary risk telemetry with BinaryEdge internet-scale scanning, attack surface monitoring, third-party risk monitoring, security notifications, and the CoalitionAI Security Copilot for vulnerability interpretation. Policyholders receive full platform access, with premium credits of up to 12.5% for MDR adoption and additional funds transfer fraud sublimits tied to security awareness training enrollment.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🤖 '''Wirespeed and MDR.''' The November 2025 acquisition of Wirespeed adds automated 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, Arch Insurance North America, Lloyd's of London, Ascot Group, and Aspen Specialty Insurance Company under a multi-year agreement effective April 2024, plus regional carriers in Australia (Allianz Australia, MSIG, HDI Global SE). Coalition distributes through 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 run rate 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 AM Best A- (Excellent) financial strength rating as of July 2024, and the company disclosed nearly 200% revenue growth year-over-year in its 2022 funding announcement.
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