Aspen to Assume Share of Active Insurance Provider’s U.S. Cyber Insurance Programs
SAN FRANCISCO, March 11, 2024–(BUSINESS WIRE)–Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, today announced it has executed a new, multi-year capacity agreement with Aspen Specialty Insurance Company (Aspen) to deploy cyber insurance capacity in the U.S., beginning on or after April 1, 2024.
“Coalition continues to see robust interest in our innovative and profitable Active Insurance model. We continue consolidating capacity in the market because of our industry-leading underwriting results and capabilities,” commented Shawn Ram, Head of Insurance at Coalition. “We’re thrilled to have Aspen join our U.S. panel of capacity partners and continue providing outstanding cyber coverage to our policyholders.”
Aspen will assume a share of Coalition’s U.S. surplus lines cyber program this year. This new agreement follows Aspen’s existing support of Coalition in the U.K. and Canada.
“As the global cyber insurance market continues to grow, we remain committed to bringing clarity to this increasingly complex and critical risk. At Aspen, we view…
