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Coalition Closes Acquisition of US Insurance Carrier from Munich Re
Monday 15 August 2022

US-based Insurance provider Coalition, which is designed to prevent digital risk before it strikes, has received regulatory approval and completed the acquisition of Digital Affect Insurance Company from Munich Re Digital Partners US Holding Corp, the company said.

Digital Affect Insurance Company is a property and casualty insurer licensed in all 50 states.

The acquisition will allow Coalition to offer insurance policies through its own admitted insurance carrier.

Coalition currently offers cyber, technology errors and omissions, directors and and officers, and other executive risks policies through partnerships with Allianz (OTC: ALIZY), Arch Insurance North America, Ascot Group, Lloyd's of London, Swiss Re Corporate Solutions (OTC: SSREY), Vantage, and Zurich among others.

Coalition's Active Insurance combines cybersecurity tools, access to around-the-clock digital forensics and incident response, and comprehensive insurance coverage to help organizations identify, mitigate, and insure digital risk.
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Date Published: 15/08/2022

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