6/11/2020 | This week in Business Insurance Risk Management Topics, Lawmakers consider bill to limit liability in pandemic which would help insurers facing a tide of claims. Meanwhile, a Coronavirus-related suit against Fox News dismissed and Insurtech deals up, funding down amid pandemic: Willis – Editor
By Judy Greenwald
Cyber insurer and security company Coalition Inc. said Wednesday it has raised $90 million in additional equity capital.
Funding was led by Chicago-based Valor Equity Partners LP, with participation from Palo Alto, California-based Felicis Ventures Co., London-based Greyhound Capital LLP and Coalition’s existing investors, according to the statement.
Coalition said the funding will help it target three key areas: cybersecurity access, international expansion and new products.
Coalition said last week it is expanding its offering to Canada-based companies, providing cybersecurity products and services as well as cyber and technology errors and omissions insurance.