The Hartford, a leading U.S.-based insurance provider, has entered into a strategic partnership with Coalition, a cyber insurance company known for its unique Active Cyber Insurance model, to meet rising demand in the UK market. The partnership will expand The Hartford’s international business operations and support Coalition’s goal of delivering innovative cyber risk management solutions to UK businesses.
The Hartford will join Coalition’s network of capacity partners, taking on a quota share of Coalition’s UK cyber insurance program. This will strengthen Coalition’s ability to provide businesses with real-time support in managing evolving cyber threats. Known for its proactive approach to cyber insurance, Coalition combines insurance coverage with cyber risk mitigation tools designed to help businesses detect and prevent potential disruptions before they occur.
Speaking on the partnership, Carl Bach, Head of The Hartford’s International Business, highlighted the synergy between The Hartford’s established expertise in the U.S. cyber insurance sector and Coalition’s innovative Active Cyber Insurance model. “We continue to capitalize on the strengths of The Hartford and our London operations, securing new opportunities to meaningfully grow our international business and footprint,” he said. “Drawing on our deep expertise underwriting cyber in the U.S. 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. We look forward to partnering with Coalition to serve more customers and brokers in the UK for years to come.”
Coalition’s Active Cyber Insurance model, which has garnered attention across several international markets, offers comprehensive protection paired with cybersecurity tools and automated cyber alerts. Through its platform, Coalition Control®, UK businesses can access risk management resources that include expert advice and third-party risk assessments. The model represents a departure from traditional cyber insurance, focusing on proactive risk management rather than reactive support following a cyber incident.
Shawn Ram, Coalition’s Head of Insurance, expressed enthusiasm for the new partnership, stating, “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.”
With the UK market experiencing a growing need for cyber risk solutions, Coalition’s Active Insurance model is expected to address a significant gap, offering businesses a more comprehensive method of managing cyber threats. The Hartford and Coalition hope their joint approach will help mitigate the financial impact of cyber incidents on UK businesses by offering preventive measures and expert guidance to address digital risks proactively.
Coalition, headquartered in San Francisco, was the first insurer to launch an Active Insurance model aimed at preventing cyber risks before they escalate. The company now operates in the United States, United Kingdom, Canada, Australia, and Germany, working closely with global insurers and capacity providers. Coalition Risk Solutions Ltd., its UK branch, is authorised and regulated by the Financial Conduct Authority (FCA) to carry out insurance distribution activities.
The partnership marks a step forward for both The Hartford and Coalition in expanding the reach of proactive cyber risk management and represents a significant shift in the UK insurance market’s approach to tackling cyber threats.