Social facilitation

Tangram and Co/Action Partner on Program for Franchised Equipment Dealers

Retrieved on: 
Thursday, March 28, 2024
Risk management, Agriculture, Partnership, SVP, Insurance, FED, Forestry, P&C, Social facilitation, Feds, MGA

PETALUMA, Calif. and MORRISTOWN, N.J., March 28, 2024 (GLOBE NEWSWIRE) -- Tangram Insurance Services, Inc. (Tangram) and Co/Action Specialty Insurance Group (Co/Action) are pleased to announce a partnership which will provide a comprehensive insurance program for franchised equipment dealers (FEDs).

Key Points: 
  • PETALUMA, Calif. and MORRISTOWN, N.J., March 28, 2024 (GLOBE NEWSWIRE) -- Tangram Insurance Services, Inc. (Tangram) and Co/Action Specialty Insurance Group (Co/Action) are pleased to announce a partnership which will provide a comprehensive insurance program for franchised equipment dealers (FEDs).
  • “The addition of this nationwide, exclusive program for FEDs is a clear demonstration of Tangram’s and Co/Action’s continued commitment to providing valuable insurance and risk management programs to specialty niche markets,” said Tracy Bernard, SVP of Program Strategy at Tangram.
  • This new program will be available nationwide, except in AK, HI and LA, and is offered exclusively through Tangram.
  • “Tangram is a trusted partner and is emblematic of the kind of differentiated relationship we seek at Co/Action.

Coaction Specialty Secures ~$200 Million in Growth Capital

Retrieved on: 
Thursday, September 7, 2023
LLP, TowerBrook Capital Partners, Sidley Austin, Growth, Entertainment, Multilineal evolution, Financial services, Social facilitation

MORRISTOWN, N.J., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Coaction Global, Inc (Coaction) , a privately-held specialty insurance group, announced the completion of a ~$200 million capital raise to support growth as Coaction continues its transformation into a full-service specialty insurance company.

Key Points: 
  • MORRISTOWN, N.J., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Coaction Global, Inc (Coaction) , a privately-held specialty insurance group, announced the completion of a ~$200 million capital raise to support growth as Coaction continues its transformation into a full-service specialty insurance company.
  • The equity raise was led by existing investors, TowerBrook Capital Partners L.P. (TowerBrook) and Further Global Capital Management (Further Global) .
  • “This new capital will support our continued growth and demonstrates the strong ongoing support of our investor group,” said Jonathan Ritz, CEO of Coaction .
  • Today, Coaction writes over $1 billion in annual premium across its Casualty, Excess Casualty, Multiline, Executive Lines, Property, Entertainment and Binding Authority verticals.

New EVP and General Counsel Brings Insurance Expertise, Governance Specialization, and Continued Commitment to Diversity to the Coaction Specialty Leadership Team

Retrieved on: 
Thursday, June 29, 2023
Insurance, Coveris, Health, EVP, PL, Suffolk University Law School, P&C, McKinsey & Company, Evergreen USA RRG, Growth, Commonwealth, Morale, SVP, Beazley Group, Management, Social facilitation

MORRISTOWN, N.J., June 29, 2023 (GLOBE NEWSWIRE) -- Coaction Global, Inc (Coaction) , a privately-held specialty insurance company, is pleased to announce Erin Brennan Bagley has joined the company as executive vice president and general counsel effective immediately.

Key Points: 
  • MORRISTOWN, N.J., June 29, 2023 (GLOBE NEWSWIRE) -- Coaction Global, Inc (Coaction) , a privately-held specialty insurance company, is pleased to announce Erin Brennan Bagley has joined the company as executive vice president and general counsel effective immediately.
  • Prior to joining Coaction, Bagley held executive leadership positions with Coverys and Beazley Group.
  • And, having started her career as a business litigator after graduating from Suffolk University Law School, she then spent four years as healthcare counsel to the insurance commissioner for the Commonwealth of Massachusetts.
  • “Erin Bagley is not only a brilliant insurance executive, she’s an accomplished team leader,” said Jonathan Ritz, CEO of Coaction .

Coaction Specialty Names New CFO with Capital Markets Expertise

Retrieved on: 
Tuesday, May 30, 2023
Insurance, Ernst & Young, Sculptor Capital Management, J.P. Morgan & Co., History, Ritz, Accounting, CAO, Western World Insurance Group, Organization, Sloan, Ernst, Initial public offering, CFO, Bank, Management, Social facilitation

MORRISTOWN, N.J., May 30, 2023 (GLOBE NEWSWIRE) -- Coaction Global, Inc (Coaction) , a privately-held specialty insurance company, announced the appointment of William (Bill) Sloan as executive vice president and chief financial officer (CFO) effective immediately.

Key Points: 
  • MORRISTOWN, N.J., May 30, 2023 (GLOBE NEWSWIRE) -- Coaction Global, Inc (Coaction) , a privately-held specialty insurance company, announced the appointment of William (Bill) Sloan as executive vice president and chief financial officer (CFO) effective immediately.
  • As CFO, Sloan will lead Coaction’s finance organization and activities, including accounting, controllership, financial planning and analysis, tax, investor relations, asset management, and treasury.
  • Sloan brings more than 20 years of financial, capital markets, and strategic advisory experience and joins the Coaction team fresh off a successful stretch at Sculptor Capital Management as managing director and head of insurance solutions.
  • “This is an exciting time for Coaction,” said Jonathan Ritz, CEO of Coaction .

Coaction Specialty Selects Percipience’s Data Magnifier

Retrieved on: 
Wednesday, May 17, 2023
Insurance, Amazon Web Services, Coaction Specialty Insurance, PostgreSQL, P&C, CXO, Organization, Documentation, Social facilitation, Investment, AWS

NEW ORLEANS, May 17, 2023 (GLOBE NEWSWIRE) -- Percipience , an insurtech data and analytics software provider, is pleased to announce Coaction Specialty Insurance Company (Coaction Specialty) has selected the company’s platform independent data and analytics solution, Data Magnifier, to establish a new enterprise data hub.

Key Points: 
  • NEW ORLEANS, May 17, 2023 (GLOBE NEWSWIRE) -- Percipience , an insurtech data and analytics software provider, is pleased to announce Coaction Specialty Insurance Company (Coaction Specialty) has selected the company’s platform independent data and analytics solution, Data Magnifier, to establish a new enterprise data hub.
  • Based in Morristown, New Jersey, Coaction Specialty is a wholly owned subsidiary of Coaction Global (Coaction), a B Corporation-certified insurance holding company focused on specialty property and casualty (P&C) coverages.
  • “Percipience offers an end-to-end solution that provides speed to delivery, comprehensive data insights in the insurance space, and a vehicle to govern our data,” said Bill Hart, CTO for Coaction Specialty .
  • “Specialty insurance is a strong segment for Percipience and Data Magnifier,” said Bruce F. Broussard Jr., managing partner at Percipience .

Coaction Specialty Achieves B Corp Certification

Retrieved on: 
Wednesday, March 15, 2023
Risk, ESG, Insurance, Certification, ERM, Environment, B Corporation (certification), Climate change, P&C, Risk management, Social facilitation

MORRISTOWN, N.J., March 15, 2023 (GLOBE NEWSWIRE) -- Coaction Global, Inc (Coaction) , a privately-owned specialty property and casualty (P&C) insurance company, is pleased to announce the company has become the first commercial P&C insurance company to become a certified B Corporation (B Corp).

Key Points: 
  • MORRISTOWN, N.J., March 15, 2023 (GLOBE NEWSWIRE) -- Coaction Global, Inc (Coaction) , a privately-owned specialty property and casualty (P&C) insurance company, is pleased to announce the company has become the first commercial P&C insurance company to become a certified B Corporation (B Corp).
  • B Corp certification recognizes a select group of businesses based on their performance, accountability, and transparency on factors from employee benefits and charitable giving to renewable energy use.
  • B Corp certification is one stop on Coaction’s ESG Journey, as detailed in its 2022 ESG Fact Sheet .
  • “Coaction is committed to fostering a supportive and inclusive environment for our current and future team members,” said Jonathan Ritz, CEO of Coaction .

Duck Creek OnDemand will enable Coaction Specialty Insurance to increase its efficiency using modern, cloud-based SaaS

Retrieved on: 
Monday, September 26, 2022
Efficiency, Policy, Twitter, P&C, LinkedIn, Partnership, Industry, Social facilitation, Solution, NASDAQ, Insurance, GLOBE, Software as a service, Risk management

Coaction is an innovative insurer who brings unrivaled specialty insurance expertise to solve challenges and provide solutions for their customers.

Key Points: 
  • Coaction is an innovative insurer who brings unrivaled specialty insurance expertise to solve challenges and provide solutions for their customers.
  • We are thrilled to have Coaction leveraging Duck Creek OnDemand to help them drive efficiency and provide an industry-leading, consistent, and friendly customer experience, said Mike Jackowski, Chief Executive Officer, Duck Creek Technologies.
  • The member insurance companies of Coaction Specialty Insurance Group, Inc. are rated A (Excellent) by A.M. Best.
  • Our market-leading solutions are available on a standalone basis or as a full suite , and all are available via Duck Creek OnDemand .

Coaction Appoints New Chief Actuarial Officer

Retrieved on: 
Wednesday, June 15, 2022
Solution, Everest Re, Reliance Insurance Company, Insurance, Ritz, Social facilitation, P&C, Edmonds, GLOBE, Medicine, Financial services, Mount Everest

MORRISTOWN, N.J., June 15, 2022 (GLOBE NEWSWIRE) -- Coaction Global, Inc (Coaction) , a privately-owned specialty property and casualty (P&C) insurance company, today announced the appointment of Ellen Edmonds as Chief Actuarial Officer, effective Wednesday, June 15, 2022.

Key Points: 
  • MORRISTOWN, N.J., June 15, 2022 (GLOBE NEWSWIRE) -- Coaction Global, Inc (Coaction) , a privately-owned specialty property and casualty (P&C) insurance company, today announced the appointment of Ellen Edmonds as Chief Actuarial Officer, effective Wednesday, June 15, 2022.
  • Edmonds will report to Coaction Chief Executive Officer Jonathan Ritz.
  • Lee Lloyd, Coactions current chief actuarial officer will return to underwriting, reporting to Chris Dougherty, chief underwriting officer.
  • Coaction Global, Inc. (Coaction), headquartered in Morristown, NJ, is the parent of Coaction Specialty Insurance Group, Inc. (Coaction Specialty), a specialty property and casualty (P&C) insurance holding company, providing a range of P&C solutions to customers across the United States through its insurance company subsidiaries.

Coaction Global Modernizes Product Distribution with ClarionDoor

Retrieved on: 
Thursday, May 19, 2022
API, COO, E&S, Policy, Insurance, Solution, P&C, United Kingdom, Product marketing, Marketing, Technology, Social facilitation, MGA, Growth, GLOBE, Risk management, Zywave

Developing and launching modern insurance products and solutions is a priority for Coaction, said Mike Sciole, COO for Coaction.

Key Points: 
  • Developing and launching modern insurance products and solutions is a priority for Coaction, said Mike Sciole, COO for Coaction.
  • Partnering with ClarionDoor will allow Coaction to support future growth, streamline distribution, and elevate our service standards helping us deliver products to the market for a frictionless sales experience.
  • ClarionDoors product distribution solution equips insurance customers with a powerful product engine fronted by a remarkable underwriting interface that provides a real-time, seamless distribution experience.
  • Coaction Global, Inc. (Coaction), headquartered in Morristown, NJ, is the parent of Coaction Specialty Insurance Group, Inc. (Coaction Specialty), a specialty property and casualty (P&C) insurance holding company, providing a range of property and casualty solutions to customers across the United States through its insurance company subsidiaries.

ProSight Specialty is now Coaction Specialty

Retrieved on: 
Tuesday, April 19, 2022
CEO, Climate, P&C, ProSight Specialty Insurance, Professional corporation, GLOBE, ESG, Biophysical environment, Fourth Estate Public Benefit Corporation, Growth, PBC, Insurance, Social, Social facilitation

MORRISTOWN, N.J., April 19, 2022 (GLOBE NEWSWIRE) -- ProSight Global, Inc. (ProSight) , a privately-owned specialty property and casualty (P&C) insurance company, has rebranded as Coaction Specialty (Coaction Specialty) , a wholly-owned subsidiary of Coaction Global, Inc. (Coaction), effective immediately.

Key Points: 
  • MORRISTOWN, N.J., April 19, 2022 (GLOBE NEWSWIRE) -- ProSight Global, Inc. (ProSight) , a privately-owned specialty property and casualty (P&C) insurance company, has rebranded as Coaction Specialty (Coaction Specialty) , a wholly-owned subsidiary of Coaction Global, Inc. (Coaction), effective immediately.
  • In the entertainment business specifically, Coaction is focused on ensuring continued delivery of the exceptional value the market has come to expect.
  • Coaction Global, Inc., headquartered in Morristown, NJ, is the parent of Coaction Specialty Insurance Group, Inc., a specialty property and casualty (P&C) insurance holding company, providing a range of property and casualty solutions to customers across the United States through its insurance company subsidiaries.
  • The member insurance companies of Coaction Specialty Insurance Group, Inc. are rated A- (Excellent) by A.M. Best.