Coalition ups UK cyber limits to £20m
Specialist insurer Coalition is now offering up to £20m in cyber limits to large businesses in the UK following its expanded relationship with Allianz Commercial.
In May the pair signed up to transfer Allianz’s commercial cyber insurance business worldwide to Coalition.
Under the deal, Allianz will provide capacity, expected to be for a minimum of 10 years.
Allianz X, the group’s strategic investment arm, had invested in Coalition in 2022, the same year the specialists entered the UK market selling exclusively through brokers.
I’m joining Coalition at a pivotal time for the company and I’m thrilled to lead Coalition’s continued global expansion as well as
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
FCA defends Consumer Duty to House of Lords Committee
The Consumer Duty has “teeth” and is delivering better outcomes, David Geale, executive director of consumers, payments and competition at the Financial Conduct Authority, has told a House of Lords Committee.
WTW hits the back of the net with WSL team up
WTW has become the official insurance partner of the Barclays Women’s Super League and WSL2 in a multi-year deal.
Martin aims for top corporate spot with Aviva Premier
Aviva leader Dave Martin explains why after expansion in digital, SME and mid-market, targeting top of the table in the corporate insurance space is the logical next step on the journey, and how its new proposition will deliver for the changing needs of brokers and clients.
MGA eyes mid-market expansion with FI launch
Specialist underwriting agency Verve Risk Services has launched a new financial institutions team as it continues to expand "its underwriting driven, mid-market specialist business".
Geo’s Renovation Underwriting speeds up for brokers
Private client renovation risks with a premium below £3,000 that meet the automatic approval criteria can now be priced and bound with immediate effect through Renovation Underwriting’s portal without needing manual underwriter review, the business has confirmed.
Tower eyes £100m GWP launching buy-and-build strategy with first deal
Tower Insurance Brokers has bought Wilmslow-based Riskworks to kick off its acquisition plans, with the goal of becoming a £100m gross written premium national broker.
Chris Withers steps into head of schemes role at Macbeth
Macbeth has recruited ex-Ecclesiastical leader Chris Withers for the newly created head of schemes and market placement role, to support the next phase of the firm’s long-term growth strategy.
NBS expands into thatched home insurance with Hadron capacity
Managing general agent NBS Underwriting has unveiled a specialist thatched home insurance product, developed in response to broker feedback.