Coalition is making its formal debut into the cyber insurance space, but with a twist. The San Francisco-based startup is also a cybersecurity firm.
Founded in March 2017, Coalition is co-founded by technology entrepreneurs John Hering and Joshua Motta, and Motta is also CEO. The company is venture financed, though it declined to disclose specific investors. It offers customers free cybersecurity tools, and business customers can acquire up to $10 million of insurance coverage.
Licensed as an insurance producer in all 50 states and the District of Columbia, Coalition distributes its products through insurance brokers, who can access the company’s products from an online platform for their small-to-midsize clients.
Both founders are cybersecurity experts, and they’ve brought in others, including Catherine Lyle, former head of cyber claims at Swiss Re, and Shawn Ram, the ex-head of technology and cyber at Crystal Co. and Aon, as part of their initial team of experts.
... read more at: https://www.insurancejournal.com/news/national/2017/12/06/473333.htm