Coalition enters excess cyber insurance market in UK

Coalition is to enter the excess cyber insurance market in the UK. The insurer will extend its reach to provide full-follow form coverage and protection of up to £10m above a primary layer from another carrier for both cyber and technology professional indemnity.

A Coalition excess policy features access to Coalition Control, a proprietary attack surface monitoring technology that delivers personalised risk assessments, as well as advice from Coalition’s in-house incident response cyber support team.

Tom Draper, Coalition’s UK head of insurance, said: “Our new excess product is designed to help UK brokers struggling to find enough cyber and tech PI protection for their clients. By bringing in Coalition to provide excess cover, brokers give their clients greater reassurance with our state-of-the-art prevention technology and early threat warnings from our 24/7 internet scanning operation.”

Coalition’s policies are supported by Allianz and Lloyd’s of London.

The company launched in the UK in September 2022, having offered excess of loss cyber products in the US and Canada since 2020 and 2021 respectively.

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