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AM Best Assigns Credit Ratings to Coalition Insurance Company

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OLDWICK, N.J.–(BUSINESS WIRE)–#insuranceAM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit rating of “a-” (Excellent) to Coalition Insurance Company (CIC) (New York, NY). The outlook assigned to these Credit Ratings (ratings) is stable.

The ratings reflect CIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

CIC’s balance sheet strength is supported by the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), surplus growth, conservative loss reserves and low underwriting leverage projected in each of the five years of the pro forma.

CIC’s adequate operating performance is largely based on its ability to scale its book of business and the ability to execute on its strategic business plan, including pro forma operating results over the next five years. With cyber insurance being among the fastest growing lines of business, CIC projects this business line to expand rapidly with sustained premium growth anticipated over the next five-year period.

The company’s business profile assessment of limited reflects its position as a new company writing cyber insurance. CIC is licensed in all 50 states and the District of Columbia and will initially provide coverage for cyber liability and technology errors & omissions. The company’s affiliate, Coalition Insurance Solutions, Inc., has relationships with a broad base of insurance brokers that have access to a proprietary system to quote, rate and bind policies, and the affiliate partners with brokers and insureds to educate and remediate vulnerabilities identified in their systems. The management team of CIC’s holding company, Coalition, Inc., includes diverse backgrounds with extensive experience in insurance, engineering & product, cybersecurity and software development.

CIC’s ERM is considered appropriate for its risk profile, overall underwriting, risk management, remediation response and circular and continuous underwriting. CIC understands the risk, reviews vulnerabilities and manages risks within its risk appetite and tolerances. CIC is very much dependent on its parent, Coalition, Inc., for most of its risk management resources and decision-making as it works to develop its own framework over time.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit

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Kourtnie Beckwith, CPCU, AU, AMIM

Senior Financial Analyst

+1 908 439 2200, ext. 5124

Fred Eslami
Associate Director
+1 908 439 2200, ext. 5406

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159

Al Slavin
Senior Public Relations Specialist
+1 908 439 2200, ext. 5098