We’re proud to expand our partnership with Coalition through the launch of Coalition Re, a reinsurance intermediary created by Coalition to provide capacity for cyber reinsurance treaties and further protect businesses.
Coalition is the world’s first Active Insurance provider designed to prevent digital risk before it strikes. Read our March 11, 2024 long-term capacity announcement with Coalition to deploy cyber insurance capacity in the U.S.
Coalition Re offers capacity for both non-proportional cyber reinsurance treaties and a white-labeled cyber insurance product, with up to 100% quota share support for cedants seeking to offer cyber insurance as an endorsement to an existing insurance product offering. Both of these products are available globally and are supported by a robust panel of capacity providers that is being led by us.
In reinsurance, there is often a breakdown of information where reinsurers know less about policyholders than the primary insurers. Combine that with a lack of cyber expertise and proper data usage among reinsurers, and the result is inaccurately priced reinsurance contracts and a misconception around how to measure cyber accumulation exposure. Coalition Re is a new type of reinsurance provider whereby we equip carriers with deeper insights into the cyber risk in their books, which adds value far beyond simply adding capacity. By democratizing Coalition’s industry-leading technology, interests can be more aligned with cedants and a more stable cyber reinsurance market can be promoted.
Coalition Re will build a bottom-up view to price non-proportional reinsurance contracts accurately, giving primary cedants the ability to learn more about their cyber insurance policyholders and gain visibility into key sources of risk within their portfolios. In addition, Coalition Re offers cedants a holistic, white-labeled product that includes the full suite of risk mitigation tools and services currently available only for Coalition’s standalone Active Cyber Insurance policyholders. Active Insurance helps underlying policyholders before, during and after an incident, unlike existing policies that do not provide cyber risk mitigation and response.
Read the full press release here >>