BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Cyber insurance provider Coalition raises additional $175M


San Francisco-based Coalition Inc., which provides cyber liability insurance and security, said Wednesday it has received an additional $175 million capital infusion with which it plans to invest in the company, add new product lines and further expand internationally.

It said the funding is led by San Francisco and London-based Index Ventures, with participation from New York-based General Atlantic Service Company LP and the company’s existing investors. Coalition said in its statement the capital infusion brings the company’s total valuation to $1.75 billion.

Joshua Motta, CEO and co-founder, said with the funding, Coalition plans to launch new insurance products to address a range of risks that are not well covered by standard business insurance policies.

It also plans to expand its offerings into multiple international markets beyond Canada, which it expanded into last year.

The company said last month it had entered into a multiyear partnership with an Arch Capital Group Ltd. unit to provide additional capacity.