Ascot backs Coalition with long-term capacity across cyber insurance programs
New partnership sees Ascot provides capacity on Coalition’s primary cyber program, accelerating Coalition’s growth
Ascot has today announced a deal with Coalition, the world’s first Active Insurance Company, which will see Ascot back Coalition’s US primary surplus lines cyber program through Ascot Specialty Insurance Company. This multi-year partnership provides Coalition with long-term capacity for its cyber programs.
“Coalition’s track-record over the past five years has proven that innovation and technology can effectively coexist to create unique and preferred outcomes. This powerful combination aids the underwriting process and has proven to be a differentiator in the market helping clients to manage and mitigate cyber risk.”” said Matt Kramer, CEO of US Insurance at Ascot. “This partnership gives Ascot the opportunity to complement our already talented cyber underwriting team by offering additional capacity to support Coalition’s continued growth..”
“We are proud to share that our coalition of carriers is growing, and we welcome Ascot as a capacity provider and partner in solving cyber risk,” said Shawn Ram, Head of Insurance at Coalition. “Coalition is committed to setting a new standard for cyber insurance by spotting and mitigating risks before they strike and providing support both during and after an incident. This Active Insurance model is helping small businesses thrive in our digital economy.”