Arch Insurance North America has partnered up with cyber insurance and security firm Coalition in a deal that will see it provide long term capacity for its US and Canada cyber and technology errors and omissions programmes.
Coalition has grown to over $150 million of run-rate gross written premium in the last year, and serves more than 41,000 organisations. The multi-year partnership is intended to further support Coalition’s growth.
Jay Rajendra, Arch’s chief strategy and innovation officer, said Coalition’s data-driven approach to insuring cyber risk matches Arch’s own commitment to leveraging advanced analytics to better manage risk.
Joshua Motta, co-founder and chief executive officer at Coalition, said the two firms will work together to develop new and advanced predictive analytics to improve cyber products.
Arch Insurance, Coalition, Jay Rajendra, Joshua Motta