Coalition launches cyber reinsurance intermediary

Cyber specialist Coalition Insurance Solutions Inc. said Monday it had launched a reinsurance intermediary.

Coalition Re will offer nonproportional cyber coverage and cyber endorsements for existing coverage with up to 100% quota-share support, the San Francisco-based company said in a statement.

Capacity will be provided by a panel of reinsurers led by Aspen Insurance Holdings Ltd.

The unit will be led by John Coletti, head of cyber underwriting at Coalition, and Phil Rosace, who joined the company from Vantage Risk Cos. earlier this year.