Coaction Global Inc., a privately held specialty insurance group, said Thursday it has raised about $200 million to support its transformation into a full-service specialty insurance company.
The equity was raised by existing investors TowerBrook Capital Partners LP, based in New York and London, and New York-based Further Global Capital Management.
Morristown, New Jersey-based Coaction said in a statement that it writes more than $1 billion in annual premium in casualty, excess casualty, multiline executive lines, entertainment and binding authority verticals.
Coaction, formerly known as ProSight Global Inc., was founded in 2009. It went public in 2019 and was taken private again in 2021.
