The Hartford and Coalition join forces to expand active cyber insurance in the U.K.
Acquiring Company
The Hartford Insurance Group
Acquired Company
Coalition
HartfordSan FranciscoFinancial ServicesInsuranceInformation TechnologyPrivacy And SecurityInsuranceDescription
The Hartford and Coalition have announced a strategic partnership to address the increasing demand for Coalition's Active Cyber Insurance approach in the U.K. The Hartford will assume a quota share of Coalition's U.K. cyber program and existing capacity partner relationships, leveraging its expertise in underwriting cyber in the U.S. market. This collaboration reflects The Hartford's commitment to growing its international business and footprint, while providing proactive cyber risk management solutions to customers and brokers in the U.K.
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Frequently asked
Who acquired Coalition?
Coalition was acquired by The Hartford Insurance Group, based in Hartford. The deal was reported on November 10, 2024. The Hartford Insurance Group, Inc. operates as a leading provider of insurance and financial services, primarily focusing on offering property and casualty insurance products. The Hartford Insurance Group is publicly traded (HIG) and operates in Financial Services.
When did The Hartford Insurance Group acquire Coalition?
The Hartford Insurance Group's acquisition of Coalition was reported on November 10, 2024. The Hartford and Coalition have announced a strategic partnership to address the increasing demand for Coalition's Active Cyber Insurance approach in the U.K. The Hartford will assume a quota share of Coalition's U.K. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Coalition do?
Coalition is the world's first Active Insurance provider designed to help prevent digital risk before it strikes. By combining comprehensive insurance coverage and cybersecurity tools, Coalition helps businesses manage and mitigate potential cyber attacks. It is privately held, operating in Information Technology, and is based in San Francisco.
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