SAN FRANCISCO, Aug. 05, 2022 (GLOBE NEWSWIRE) — Coalition, the world’s first active insurance company designed to prevent digital risks before they strike, today announced that it has appointed Jim Young as Chief Financial Officer (CFO), John Littzi as General Counsel and added Julie Richardson to the board to further accelerate the company’s vision to keep everyone safe. The new hires and addition of board members follow a $250 million investment in Coalition in July, bringing the company’s valuation to $5 billion.
“The new members of our leadership team bring decades of experience building global technology and financial companies, and are proven leaders who will help Coalition navigate new markets and accelerate our internal development for a sustained period of rapid growth,” said the Coalition co-founder. and CEO Joshua Motta. “Julie, Jim and John each have a wealth of experience building great companies that have all grown to become global leaders.”
Coalition has added the following people to its leadership team and board:
- Jim Young, Chief Financial Officer: Young brings more than 20 years of experience leading global financial companies and public and private technology companies, serving as Chief Financial Officer at Broadridge (NYSE: BR), an S&P 500 company and Fintech leader. Prior to that, Young held senior finance roles at Visa Inc., including Vice President of Finance, and played a leading role in the $19 billion IPO of Visa. Most recently, he served as CFO of agri-tech company Indigo Ag. As Coalition’s first-ever CFO, Young will play a critical role in scaling the organization’s business and financial operations. company.
- John Littzi, General Counsel: As Coalition General Counsel, John Littzi is responsible for the firm’s global legal affairs and serves as senior counsel to the firm’s founder and CEO, Joshua Motta, and his management team and board of directors. administration. Littzi joins Coalition after serving as the sole Deputy General Counsel of WR Berkley Corporation (NYSE: WRB), an S&P 500 company and one of the largest property and casualty insurance holding companies in the United States. Littzi began his career as an associate in the Mergers & Acquisitions and Financial Institutions groups at Skadden, Arps, Slate, Meagher and Flom LLP in New York.
- Julie Richardson, Board Member: Richardson brings more than 25 years of Wall Street experience to Coalition in investment banking and private equity roles. She currently serves on the boards of UBS (NYSE:UBS), Datadog (NASDAQ:DDOG) and YEXT (NYSE:YEXT). She also most recently served on the board of The Hartford (NYSE: HIG) from 2014-2020 and chaired the company’s audit committee for three years.
“The Coalition’s vision of ensuring safety for all as the world goes digital is more important than ever,” said Chief Financial Officer Jim Young. “I am thrilled to join the company at this critical juncture and join Coalition’s efforts to protect organizations globally with active insurance and technology solutions.”
“The technology and data at the heart of Coalition is unparalleled,” said John Littzi. “After spending more than a decade at a world-class insurance organization, I look forward to using my experience to help Coalition protect and prepare organizations for the digital risks of the future as every part of our global economy is becoming more dependent on technology.”
“As the digital risk landscape has evolved and intensified over the past few years, I have been impressed by the changemakers in the space looking for a different and better solution,” said Julie. Richardson. “Coalition’s approach to solving digital risk is one I’m proud to align myself with, and I’m honored to join this industry-leading team on their journey.”
Joining Coalition’s leadership team at a key time in its journey to create a safer digital economy, Young, Littzi and Richardson are ready to support the company as it accelerates its growth and shapes the future of the digital insurance.
Coalition was named one of Inc’s Best Places to Work for 2021 and was named to Fast Company’s annual list of the World’s Most Innovative Companies for 2022. Additionally, Joshua Motta was recognized as one EY Bay Area Entrepreneur of the Year winners for 2022.
To learn more about Coalition, visit coalitioninc.com.
About the coalition
Coalition is the leading cyber insurance and security provider, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk. Backed by leading global insurers Arch Insurance North America, Allianz, Ascot Group, Lloyd’s of London, Swiss Re Corporate Solutions and Vantage, Coalition offers its active insurance products in the United States and Canada and its security products to organizations across the whole world. Coalition’s Active Risk Platform provides automated security alerts, threat intelligence, expert advice, and cybersecurity tools to help businesses stay resilient in the face of cyberattacks. Based in San Francisco, Coalition is a distributed company with a global workforce that collaborates both digitally and in office centers around the world.
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