The two cyber specialists have teamed up in the UK market;
The Hartford and Coalition have announced a strategic, long-term capacity partnership in response to growing customer and broker demand for Coalition’s unique Active Cyber Insurance approach in the UK market.
“We continue to capitalize on the strengths of The Hartford and our London operations, securing new opportunities to meaningfully grow our International business and footprint,” said Carl Bach, Head of The Hartford’s International Business. “Drawing on our deep expertise underwriting cyber in the US market, we recognize the innovative model of active insurance that Coalition possesses, designed to help businesses identify and mitigate cyber risk before it becomes a disruption. We look forward to partnering with Coalition to serve more customers and brokers in the UK for years to come.”
As part of the agreement, The Hartford is assuming a quota share of Coalition’s UK cyber program, in addition to the insurance provider’s existing capacity partner relationships.
“We are thrilled to have The Hartford join our panel of capacity partners and support our efforts to continue providing outstanding cyber coverage to our policyholders,” commented Shawn Ram, Coalition’s Head of Insurance. “Coalition continues to see robust interest in our innovative and profitable Active Insurance model in the UK, which has disrupted the standard approach to cyber insurance and offered businesses a way to manage their risk as it evolves.”
Be the first to comment