Today is a big day for Coalition. We just announced a multi-year partnership with Arch Insurance North America. This provides us with long-term capacity for our U.S. and Canada Cyber and Technology E&O insurance programs with Arch's A.M. Best A+ rated carriers.
But this speaks to more than just comprehensive insurance coverage for our policyholders. It shows strong support for Coalition’s rapid growth and dedication to our belief that a technology-focused, data-driven approach to managing risk is the way of the future.
We regularly meet with insurance carriers who are eager to participate in our program, with an increased interest in the present growth of the cyber marketplace for small and midsize organizations. What we look for is a shared vision — long-term aspirations of growth and success within cyber. We wanted a partner that made us stronger through an innovative approach to coverage, quality ratings that enhanced our existing product, and financial strength.
Arch demonstrates all of the attributes that matter to Coalition. And, given their reputation in advanced analytics, they understand the importance of our methodology and seek to build on our capabilities.
In a joint press release published by Coalition and Arch, Jay Rajendra, Arch’s Chief Strategy and Innovation Officer stated, “Arch is committed to leveraging advanced analytics to change the way we understand risk and protect businesses. We’re excited to work with Coalition, which is using its data-driven approach to insure cyber risk. Their analytics-based approach and superior in-house cybersecurity services are compelling reasons for us to support their ongoing mission to solve cyber risk. Our partnership with Coalition is an excellent complement to Arch’s existing cyber insurance product offerings.”
We have experienced consistently profitable growth as a result of our unique approach to underwriting, continuous monitoring of insureds’ risks, and efficient claims management through our in-house incident response team. We’re excited to accelerate our growth with Arch alongside our existing carriers — Swiss Re, Lloyd’s of London, and Argo — as dedicated insurance partners.
Swiss Re continues to lead our programs, and Argo and Arch support capacity and our growth:
US Surplus Lines SME: 45% Swiss Re / 30% Arch / 25% Argo
Canada: 70% Swiss Re / 30% Arch
“Our partnership with Arch reinforces our commitment to providing businesses with the most comprehensive insurance available, now backed by the financial strength of multiple A.M. Best A+ rated insurers,” said Joshua Motta, co-founder and CEO of Coalition. “Equally important, we are pleased to welcome a partner that shares our desire to use data and technology to better protect businesses. We look forward to collaborating with Arch to develop new and advanced predictive analytics capabilities that improve our products and that better address the greatest risks companies face today.”
We’re incredibly excited and proud to welcome another A+ carrier. Our new partnership with Arch will continue to strengthen our product for our policyholders and contribute to our growth and success as a market-leading insurance and cybersecurity provider. Learn more about our partnership and Arch Insurance.