Coaction Specialty Insurance Group

What Coaction Specialty Insurance Group does

Coaction Specialty Insurance Group is a US specialty property and casualty (P&C) insurer headquartered in Morristown, New Jersey, operating through three wholly-owned carrier entities: New York Marine and General Insurance Company, Southwest Marine and General Insurance Company, and Gotham Insurance Company. The company writes coverage across seven core verticals — Property, Primary Casualty, Excess Casualty, Entertainment, Professional Lines, Binding Authority, and Marine, Energy & Transportation — supplemented by sub-products in Errors & Omissions, Financial Institutions, Private Company/Not-For-Profit, Public Company D&O, and Solar Energy Contractors. In 2025, Coaction reported $1.5 billion in written premium, and the company is admitted in all 50 states plus DC, Puerto Rico, and the US Virgin Islands through a mix of admitted and non-admitted/surplus lines paper. Customers range from large public and private enterprises (financial institutions, public companies, real estate operators) to mid-market specialty accounts (franchised equipment dealers, solar contractors, entertainment productions), with capacity per risk ranging from $2M to $25M across lines.

The company distributes primarily through wholesale brokers via open brokerage and delegated underwriting authority platforms, including a program management partnership with Tangram Insurance Services for franchised equipment dealers and a self-service binding authority platform (Coaction Online, Coaction Partner Portal, Coaction Customer Portal). Its technology stack emphasizes data-driven underwriting and risk management, with proprietary tools including the Coaction Online self-service platform, Coaction SafetyNow risk management portal, and a 24/7 Cyber Breach Coach service for policyholders. Claims are handled by a team averaging over 15 years of adjusting experience, organized around the underwriting verticals. Coaction monetizes through annual insurance premiums across admitted and surplus lines, with minimum premiums ranging from $0 (Professional Lines for public/private companies) up to $25,000 (Excess Casualty and California earthquake/Florida wind property), reflecting a relationship-driven, broker-distributed specialty underwriting model.

The company is majority-owned by TowerBrook Capital Partners, with Further Global Capital Management as a key minority co-investor, following a take-private of ProSight Global in August 2021 at approximately $586 million. It rebranded from ProSight to Coaction in April 2022, simultaneously converting to a Public Benefit Corporation — the first commercial P&C insurer to do so — and subsequently achieved B Corp certification in March 2023. The insurer carries an A.M. Best Financial Strength Rating of A- (Excellent) with a Positive Outlook across all three carrier subsidiaries.

Name

Coaction Specialty Insurance Group

Legal name

Coaction Specialty Insurance Group, Inc.

Website

https://coactionspecialty.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

251–500 employees

Short description

Coaction is a US specialty property and casualty insurer writing $1.5 billion in annual premium across seven verticals — Property, Casualty, Excess Casualty, Entertainment, Professional Lines, Binding Authority, and Marine/Energy/Transportation — serving enterprise and mid-market customers through wholesale brokers, delegated underwriting authority, and MGA partnerships.

Ownership category

akta.pro rank

Product category

Specialty Property & Casualty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126)

SIC

Insurance Carriers, Nec (6399)

akta.pro primary industry

Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD)

akta.pro secondary industries

Directors & Officers (D&O) Liability (FSAJADAF), Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH)

Keywords

• Specialty property insurance
• Excess casualty coverage
• Professional liability insurance
• Binding authority platform
• Wholesale insurance distribution

Headquarters

HQ city

Morristown

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance Premiums: Coaction generates revenue primarily through insurance premiums across its seven major product verticals: Property, Primary Casualty, Excess Casualty, Entertainment, Professional Lines, Binding Authority, and Marine, Energy, & Transportation. The company writes over $1 billion in annual premium.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Coaction Specialty Insurance Group is a specialty P&C insurance company that underwrites, prices, and delivers property and liability coverage through seven core verticals: Property, Primary Casualty, Excess Casualty, Entertainment, Professional Lines, Binding Authority, and Marine, Energy, & Transportation. Products are distributed via wholesale brokers and delegated underwriting authority partners, with self-service capabilities through Coaction Online portals serving customers, partners, and producers. The company writes in excess of $1 billion in annual premium across all 50 states.

Product overview

Coaction Specialty Insurance Group is a specialty property and casualty (P&C) insurance company offering a portfolio of seven core product verticals: Property, Primary Casualty, Excess Casualty, Entertainment, Professional Lines, Binding Authority, and Marine, Energy, & Transportation. These verticals are complemented by sub-products including Errors & Omissions, Financial Institutions, Private/Not-For-Profit, Public Company, and Solar Energy Contractors. The company operates through both open brokerage and delegated underwriting authority platforms (Binding Authority), supported by self-service portals including Coaction Online, Coaction Partner Portal, and Coaction Customer Portal. Founded in 2009 as ProSight, the company rebranded to Coaction in April 2022 and writes over $1 billion in annual premium across the United States.

Differentiator

Problem solved

Functional benefit

Products and services

• Primary Casualty Primary casualty insurance covering construction and real estate operations, including General Contracting, Luxury Home Builders, and Specialty Construction Trades such as Cranes, Scaffolding, and Specialty Trade Contractors. Offers $5M in Excess Liability for exposures outside of New York City.
• Entertainment Commercial insurance solutions for live and film industries covering Artists and Entertainers, DICE/TV/Film/Studios, Entertainment Technology Professionals, Promoters, Rental Houses, and Shell Corps. Includes General Liability, Umbrella/Excess, Auto, Property, and Worker's Compensation with up to $100M Producer Portfolio limits.
• Excess Casualty Casualty solutions for complex and evolving risks targeting Construction (commercial and residential trade contractors, general contractors, OCIP/CCIP, owner's interest, project-specific), Hospitality/Leisure, and Sales/Services. Offers $10 million capacity with lead, middle, and high excess participations.
• Professional Lines Management liability and professional liability coverage across Agriculture, Biotechnology, Financial Institutions, Health Care, Technology, and Utilities sectors. Includes Errors & Omissions, Financial Institutions, Private Companies/Not-For-Profit, and Public Company products with up to $15 million capacity.
• Marine, Energy, & Transportation All-lines offerings including Auto Liability/Physical Damage, Crime, Excess Liability, General Liability, Inland Marine, Limited Pollution, Marine Package, Property, USL&H, and Workers Compensation. Covers Commercial Marine, Fuel Distribution, Marine Construction, Oil & Gas Contractors, Solar Energy Contractors, and Transportation Operators.
• Property Commercial property insurance addressing unique challenges for occupancy owners with over 50 years of underwriting experience. Covers Hotels/Motels, Condominiums/Apartments, Offices, Real Estate, Wholesale/Distribution, Manufacturing, Restaurants, Vacant Properties, and Wildfire Exposures with $25 million capacity.
• Binding Authority Self-service platform empowering producers to quote, bind, and issue insurance directly. Covers Apartments, Artisan Contractors, Cosmetics/Food Products Manufacturing, General Contractors, Hotels/Motels, Lessors Risk, Remodelers, Vacant Buildings, and Warehousing with ISO-based coverage.
• Errors & Omissions (E&O) Provides up to $5M per claim/$5M aggregate limits for service providers and professionals. Features a primary modular policy for Misc. E&O, Tech E&O, Cyber, and Media on a claims-made and reported form. Covers Technology E&O, Miscellaneous E&O, and specialized risks including Cannabis, Cryptocurrency, Home Inspectors, Lawyers, Security Guards, and Title/Escrow Agents.
• Financial Institutions Professional Liability Excess management and professional liability coverage for financial services companies with specialty focus on Asset Management, Banking, Insurance, Private Equity, and REITS. Offers excess D&O, E&O, EPL, Fiduciary, and Crime coverage backed by a dedicated in-house claims team.
• Private Company/Not-For-Profit Management Liability Primary modular policies and follow-form excess policies for D&O, EPL, Fiduciary, and Crime coverage. Products include the Coaction Collaborator Private Company Management Liability Policy and the Coaction Collaborator Not-For-Profit Management Liability Policy, targeting entities with greater than $25M in revenues.
• Public Company Executive Liability Excess management liability coverage for commercial public companies and their senior executives, providing excess D&O, Side-A, EPL, FID, and Crime coverage with up to $10 million capacity. Available in all 50 states with admitted coverage in 45 states.
• Solar Energy Contractors Insurance Insurance coverage for Solar Developers, EPC Contractors, Installation Contractors, and Operations & Maintenance Contractors. Offers Commercial General Liability up to $2M/$4M, Excess up to $5M/$5M, Property, and Inland Marine including Installation Floater and Contractor's Equipment Coverage.
• Claims Management Services Specialized claims handling services with average adjuster tenure above 15 years, strategically aligned with Coaction's underwriting verticals to support specialized claims encounters. Includes 24/7 claims reporting capabilities.

Named customers6 records

Segments8 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• AM BestcoreOthers · 30 January 2026Credit rating agency that revised Coaction's outlook to positive from stable, affirming Financial Strength Rating of A- (Excellent) and Long-Term ICR of 'a-' (Excellent) for New York Marine and General Insurance Company, Gotham Insurance Company, and Southwest Marine and General Insurance Company.
• Tangram Insurance Services, Inc.coreChannel Partner/ Reseller/ Distributor · 28 March 2024Partnership to provide comprehensive insurance program for franchised equipment dealers (FED). Tangram, an MGA and national program manager with 20 years of experience, will deliver competitive insurance solutions with underwriting expertise and consultative risk management for FEDs specializing in construction, agriculture, forklifts, forestry, and miscellaneous equipment. Program available nationwide except AK, HI, and LA.

Scale indicators5 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Beazley Group: Beazley is a specialty insurer underwriting multiple P&C and professional lines globally, including D&O, cyber, marine, and management liability. It is a direct peer in scale, specialty focus, and multi-line underwriting approach.
• Aspen Insurance Holdings: Aspen underwrites specialty P&C and reinsurance with similar capacity ranges and excess casualty/professional lines emphasis. Comparability is reinforced by the fact that Coaction's CEO previously served as Aspen's President.
• Crum & Forster: Crum & Forster writes specialty P&C including commercial casualty, property, professional lines, and surplus lines for similar middle-market and niche segments. It is comparable in vertical breadth and specialty underwriting philosophy.
• Hiscox: Hiscox underwrites specialty P&C with strong professional liability and SME exposure. Comparable in specialty positioning, multi-channel distribution (including delegated authority), and management liability emphasis.
• Markel Group: Markel operates a specialty insurance platform with excess and surplus, professional, and program-style lines. The peer comparison is most relevant on specialty underwriting diversification, E&S orientation, and program-binding distribution.
• James River Group: James River writes specialty P&C including E&S, excess casualty, and professional lines through delegated authority. Comparable specialty positioning and use of delegated authority platforms, with similar scale.
• Everest Insurance: Everest writes specialty P&C and reinsurance through wholesale and delegated channels. Comparable in specialty product breadth and the use of delegated authority, and Coaction's Chief Actuarial Officer joined from Everest RE.

Broad incumbents

• W. R. Berkley Corporation: Berkley operates a large portfolio of specialty P&C and professional lines through operating subsidiaries. Comparable in specialty orientation, though larger and more diversified than Coaction.
• Arch Insurance Group: Arch writes specialty P&C including casualty, professional, and excess lines globally. Comparable specialty product mix, with broader geographic and segment reach as a large incumbent.
• Hanover Insurance Group: Hanover underwrites specialty and commercial P&C including professional lines and excess casualty. Comparable in professional and management liability focus, though broader as a regional/national commercial carrier.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/coactionglobal
• LinkedInlinkedin.com/company/coactionglobal

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coaction Specialty Insurance Group