AM Best Affirms Coalition’s Admitted Insurance Carrier’s A- (Excellent) Rating
SAN FRANCISCO–(BUSINESS WIRE)–
CIC, the U.S. admitted carrier wholly owned by Coalition, Inc., was the first monoline cyber writer to achieve an A- (Excellent) Financial Strength Rating from AM Best in January 2023, a rating which was recently affirmed on March 28, 2024, noting the outlook of the rating is stable. The rating reflects CIC’s balance sheet strength, which AM Best assesses as very strong.
“We are thrilled to now offer capacity through CIC across the entire U.S., transforming our ability to offer policyholders world-class, comprehensive cyber insurance products,” said Shawn Ram, Coalition’s Head of Insurance. “We continue to drive the industry forward with coverage developed from our unique expertise in cyber underwriting, insights into cyber risk management, knowledge of cyber threat trends, and cyber claims data.”
CIC offers broad primary admitted cyber coverage designed for small and midsize businesses. With an expanded base form and affirmative coverage for critical exposures, Coalition helps protect organizations from fast-moving cyber risks.
With CIC’s…
