Coaction Specialty Insurance Group, Inc.
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Coaction Specialty Insurance Group, Inc. - overview
Established
2009
Location
Morristown, NJ, US
Primary Industry
Insurance
About
Coaction Specialty Insurance Group, Inc. is a US-based provider of customized insurance solutions, catering to specialty businesses across various sectors, emphasizing tailored risk management strategies. Founded in 2009 and headquartered in Morristown, US, Coaction Specialty Insurance Group, Inc. focuses on delivering specialized insurance coverage.
The company has engaged in four deals, with the most recent funding round occurring on September 6, 2023. In this Growth round, it raised USD 200. 00 mn, led by Further Global Capital Management and TowerBrook. The total amount raised by Coaction Specialty amounts to USD 200.
00 mn. Coaction Specialty Insurance provides specialized insurance solutions specifically designed for businesses in niche markets. Their core offerings encompass coverage in entertainment, excess casualty, marine, energy, transportation, primary casualty, professional lines, and property. By targeting high-risk environments, Coaction Specialty ensures its clients receive tailored risk management solutions that meet their specific operational challenges.
In the most recent year reported, Coaction Specialty Insurance generated revenue of USD 785. 87 mn, with an EBITDA of USD 74. 47 mn, indicating the company's robust financial performance through its B2B insurance offerings. Following a USD 200 mn investment in September 2023, co-led by TowerBrook and Further Global Capital Management, Coaction Specialty Insurance aims to transform into a full-service specialty insurance provider.
The funding will facilitate the expansion of underwriting divisions, bolster distribution relationships, and enhance data capabilities. This strategic growth initiative is expected to support the company in reaching new markets and refining their product offerings.
Current Investors
TowerBrook, Further Global
Primary Industry
Insurance
Sub Industries
Claims Administration & Processing, Commercial Insurance
Website
www.coactionspecialty.com
Verticals
InsureTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Coaction Specialty Insurance Group, Inc. - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 |
|---|---|---|
| Revenue (USD) | - | - |
| % Revenue Growth (YoY) | - | - |
| EBITDA (USD) | - | - |
| Operating Income (USD) | - | - |
| Operating Margin | - | - |
| % EBITDA Margin | - | - |
| NET Income (USD) | - | - |
| % Net Margin | - | - |
Coaction Specialty Insurance Group, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Coaction Specialty Insurance Group, Inc. | - | ||||||||
| Public to Private, Secondary Buyout | Completed | Coaction Specialty Insurance Group, Inc. | - | ||||||||
| IPO | Completed | Coaction Specialty Insurance Group, Inc. | - | ||||||||
| Add-on | Completed | TSM Agencies Ltd | - | ||||||||
| Add-on | Completed | NYMagic | - |
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