Coalition, an insurtech company specializing in commercial cyber coverage, has acquired Attune, which was a joint venture of AIG, Hamilton Insurance, and Two Sigma.
Attune
“I am excited for our teams to work with one another to offer more digitally-powered insurance products to more brokers and help organizations mitigate risk,” he said in a statement. “Our brokers will soon be able to offer businesses access to Coalition cyber insurance alongside the business owner policies, general liability, and other leading Attune products in a comprehensive package.”
Coalition plans to scale the combined business to provide a full suite of commercial insurance products, ranging from its own cyberinsurance coverage to business owners, workers' comp, and liability. The company claims 130,000 policyholders.
“We are thrilled to join forces with Attune to carry out our shared mission of providing security for all,” said Joshua Motta, CEO and co-founder of Coalition. “Together, our companies will define the future of insurance by applying data and technology expertise to mitigate current and emerging risk, expand our insurance offerings to keep more businesses safe, and build a better experience for insurance brokers and their clients.”
