Coalition Launches Private Equity Initiative Focused on Cyber Risk Management

Coalition has launched its Private Equity Practice, a specialized cyber insurance solution designed to provide advanced cyber risk management tools and tailored coverage for private equity (PE) firms. This initiative was announced on January 27 and has been developed in collaboration with brokers who focus on the private equity sector. The new practice aims to assist PE firms, sponsors, general partners, and their portfolio companies in effectively managing cyber risks throughout the entire investment lifecycle, from deal screening to exit.

“In private equity, a single cyber incident at one company can affect the entire fund,” stated Shawn Ram, Coalition’s Chief Revenue Officer. “That’s why investment and risk teams need visibility into the biggest cyber issues affecting both target companies and their entire portfolios.”

Marcin Weryk has been appointed as the leader of the PE practice. He currently serves as Coalition’s head for the Northeast and Central regions.

Coalition’s comprehensive coverage is designed to protect against critical cyber threats, including ransomware, funds transfer fraud, and invoice manipulation. The practice also offers rapid claims support and flexible policy structures tailored to the unique investment strategies of private equity firms.

To further safeguard private equity firms and their portfolio companies from cyber risks, Coalition provides the following features:

• Accelerated Due Diligence: Enjoy expedited turnaround times (typically within 24 hours) for target cybersecurity assessments and cyber insurance premium indications.
• Unified Portfolio Visibility: Access a consolidated dashboard that allows for monitoring cyber risk across portfolio companies, both at the individual company level and for the entire portfolio in aggregate.
• Transaction Flexibility: Benefit from customized policies that align with a fund’s specific investment strategy.
• Industry-Leading Coverage: Obtain comprehensive cyber insurance coverage, with optional endorsements for Technology Errors & Omissions and Miscellaneous Professional Liability.
• Dedicated Underwriting and Claims Expertise: Work with a private equity-focused underwriter and claims liaison for specialized support.
• Unparalleled Financial Recovery Tactics: Experience fast action to help recover fraudulently transferred funds.
• Specialized Consulting from Coalition Incident Response (CIR)*: Gain access to investigative services prior to an acquisition, including technical validation.
• Integrated Security Services: Utilize automated Managed Detection and Response (MDR) to thwart attacks in seconds, with a free 90-day trial available for PE firms.
• Proven Results: Coalition policyholders report experiencing 73% fewer claims than the industry average.

Coalition’s cyber insurance for private equity firms and their portfolio companies is currently available to eligible organizations in North America through Coalition’s broker partners, with plans to expand availability internationally.

SOURCE: Coalition

Topics
Cyber

Coalition has launched its Private Equity Practice, a specialized cyber insurance solution designed to provide advanced cyber risk management tools and tailored coverage for private equity (PE) firms. This initiative was announced on January 27 and has been developed in collaboration with brokers who focus on the private equity sector. The new practice aims to assist PE firms, sponsors, general partners, and their portfolio companies in effectively managing cyber risks throughout the entire investment lifecycle, from deal screening to exit.

“In private equity, a single cyber incident at one company can affect the entire fund,” stated Shawn Ram, Coalition’s Chief Revenue Officer. “That’s why investment and risk teams need visibility into the biggest cyber issues affecting both target companies and their entire portfolios.”

Marcin Weryk has been appointed as the leader of the PE practice. He currently serves as Coalition’s head for the Northeast and Central regions.

Coalition’s comprehensive coverage is designed to protect against critical cyber threats, including ransomware, funds transfer fraud, and invoice manipulation. The practice also offers rapid claims support and flexible policy structures tailored to the unique investment strategies of private equity firms.

To further safeguard private equity firms and their portfolio companies from cyber risks, Coalition provides the following features:

• Accelerated Due Diligence: Enjoy expedited turnaround times (typically within 24 hours) for target cybersecurity assessments and cyber insurance premium indications.
• Unified Portfolio Visibility: Access a consolidated dashboard that allows for monitoring cyber risk across portfolio companies, both at the individual company level and for the entire portfolio in aggregate.
• Transaction Flexibility: Benefit from customized policies that align with a fund’s specific investment strategy.
• Industry-Leading Coverage: Obtain comprehensive cyber insurance coverage, with optional endorsements for Technology Errors & Omissions and Miscellaneous Professional Liability.
• Dedicated Underwriting and Claims Expertise: Work with a private equity-focused underwriter and claims liaison for specialized support.
• Unparalleled Financial Recovery Tactics: Experience fast action to help recover fraudulently transferred funds.
• Specialized Consulting from Coalition Incident Response (CIR)*: Gain access to investigative services prior to an acquisition, including technical validation.
• Integrated Security Services: Utilize automated Managed Detection and Response (MDR) to thwart attacks in seconds, with a free 90-day trial available for PE firms.
• Proven Results: Coalition policyholders report experiencing 73% fewer claims than the industry average.

Coalition’s cyber insurance for private equity firms and their portfolio companies is currently available to eligible organizations in North America through Coalition’s broker partners, with plans to expand availability internationally.

SOURCE: Coalition

Topics
Cyber