The Hartford, an entity in property and casualty (P&C) insurance, has joined forces with Coalition for cyber insurance solutions in the UK market.
This partnership will see The Hartford taking on a quota share of Coalition’s UK cyber programme, enhancing the insurance options available to customers and brokers in the region.
Coalition is reputed to be the world’s first active insurance provider.
The Hartford international business head Carl Bach said: “We continue to capitalise on the strengths of The Hartford and our London operation, securing new opportunities to meaningfully grow our international business and footprint.
“Drawing on our deep expertise underwriting cyber in the US market, we recognise the innovative model of active insurance that Coalition possesses; designed to help businesses identify and mitigate cyber risk before it becomes a disruption.”
By integrating comprehensive insurance with advanced cybersecurity tools, Coalition assists businesses in managing and mitigating the threat of cyber incidents.
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By GlobalDataThe company’s product suite, supported by its relationships with global insurers such as Coalition Insurance Company, extends active insurance to businesses across multiple countries including the US , the UK, Canada, Australia and Germany.
Coalition Control, the company’s cyber risk management platform, offers policyholders automated alerts, expert guidance and access to a suite of global third-party risk management resources.
Coalition insurance head Shawn Ram said: “We are thrilled to have The Hartford join our panel of capacity partners and support our efforts to continue providing outstanding cyber coverage to our policyholders.
“Coalition continues to see robust interest in our innovative and profitable Active Insurance model in the UK, which has disrupted the standard approach to cyber insurance and offered businesses a way to manage their risk as it evolves.”
Recently, The Hartford announced leadership changes within its global specialty segment.