Coalition, an aggressive insurance company focused on preventing digital risks, has launched a private equity business to help businesses manage cyber risks.
This new cyber insurance solution was developed with a private equity-focused broker. Its custom design will help private equity firms, sponsors, general partners and their portfolio companies manage complex, fast-moving cyber risks from deal screening to exit.
“In private equity, a single cyber incident at one company can impact the entire fund,” said Shawn Ram, chief revenue officer at Coalition. “That’s why investment and risk teams need to understand the biggest cyber issues impacting target companies and their entire portfolios.”
“I am delighted that Marcin Weryk, a seasoned leader at Coalition with extensive experience in the private equity industry, will lead this new practice and help guide the firm through its cyber risk journey.”
By applying Coalition’s proven active insurance model, private equity firms can gain a holistic approach to managing cyber risk across their portfolios, the company noted.
Investment and risk teams gain a fundamental understanding of cyber issues, supported by structured, capital-efficient cyber insurance and a suite of cyber security tools and services. The product is designed to complement its broader investment strategy.
Additionally, Coalition provides comprehensive protection against critical threats, including ransomware, funds transfer fraud, and invoice manipulation.
Flexible policy structures are tailored to a private equity firm’s specific investment strategy and are backed by expedited claims support.
Marcin Weryk, the Alliance’s new head of private equity and regional head of the North East and Midlands, commented: “Private equity firms need speed and certainty in cyber due diligence without sacrificing rigor.
“Our goal is simple: to provide private equity firms with customized cybersecurity and insurance solutions that meet their needs and those of their portfolio companies. Through this approach, deal teams can manage their cyber risks to reduce unexpected losses, protect cash flow and ensure transactions proceed as planned.”
Coalition’s proactive cyber insurance for private equity firms offers: 24-hour cybersecurity assessment turnaround, unified portfolio visibility, flexible transition support, comprehensive cyber insurance coverage, specialty underwriting and claims, financial and technical recovery, and comprehensive security services.
Coalition’s cyber insurance for private equity firms and their portfolio companies is available to qualified organizations in the United States and Canada (excluding Quebec) through Coalition’s brokerage partners, with plans to expand coverage globally.