Coalition, an active insurance provider, announced the expansion of its cybersecurity insurance offering to enterprise businesses with revenues up to $5 billion. The company’s increased capacity above its existing limit of $1 billion comes from a syndicated placement across many of its existing partners.

For brokers, this expansion to large enterprise businesses means an opportunity to offer Coalition policies to more customers and access quoting, renewals, and claim. Coalition’s combination of cybersecurity tools, active risk assessment for underwriting, and claim resolution process aims to assist brokers looking to increase their share of business in mid-market and enterprise-level clients.

Coalition Insurance Solutions Inc. is a licensed insurance producer with its principal place of business in San Francisco, California.

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CFC, a specialist insurance provider, announced that it is introducing policy encryption for its cyber insurance policies.

Leveraging its mobile app for cyber to deliver the encryption key to insureds, CFC said in a company press release it believes that providing this additional layer of security for its customers is another critical step to keeping them safe from cyber threats.

CFC’s global insurance platform uses technology and data science to deliver underwriting and protect customers from critical business risks. It is headquartered in London with offices in New York, Austin, Brussels, and Brisbane.

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Chubb announced the name for its new global climate business unit the company launched last month: Chubb Climate+.

Chubb Climate+ will provide a spectrum of insurance products and services to businesses engaged in developing or employing new technologies and processes that support the transition to a low-carbon economy. The business unit also provides risk management and resiliency services to help those managing the impact of climate change.

Chubb is a publicly traded property/casualty insurance company. With operations in 54 countries and territories, the company provides commercial and personal property/casualty insurance, personal accident, and supplemental health insurance, reinsurance, and life insurance.

Sources: Coalition, CFC, Chubb