Coalition becomes approved Lloyd’s coverholder in the UK

Coalition’s UK business has begun trading as an approved Lloyd’s coverholder, effective January 1. 

“Earning the authority from Lloyd's to write and service policies in its marketplace aligns our UK offering with our US business, which already provides cyber coverage, technology, and expertise through Lloyd's,” the company said

It added: “Coalition is now even better placed to deliver its Active Cyber Insurance to licensed territories around the world.”

Late last year, Coalition launched an independent Bermuda-based Class 3B reinsurer, Ferian Re, that will provide capacity across Coalition's cyber programs. 

Ferian Re will participate in Coalition's cyber insurance programs alongside leading global insurers and reinsurers including Allianz Group, Arch Insurance North America, and Swiss Re Corporate Solutions.