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Cyber insurance and security company Coalition Inc. has embarked on a multi-year partnership with an Arch Capital Group Ltd. unit, the MGA and the insurer said Tuesday.
They said in a statement the partnership with Arch Insurance North America provides Coalition with long-term capacity for its U.S. and Canada cyber and technology, errors and omissions insurance programs with Arch Insurance North American insurers. No further details were provided.
San Francisco-based Coalition, which has acted as a managing general agent for Swiss Re Ltd. and Argo Group International Holdings Ltd., is also backed by Lloyd’s of London, and provides up to $15 million of cyber and technology insurance coverage in the U.S.
Shawn Ram, head of insurance at Coalition, said in a separate statement the company “is constantly seeking to diversify carrier partners.”
“We’re excited to continue our growth with all of our carrier partners and now Arch,” he said.
Cyber insurer and security company Coalition Inc. said Thursday it is expanding its offering to Canada-based companies, providing cybersecurity products and services as well as cyber and technology errors and omissions insurance.