Coaction Specialty Insurance Group Acquisition, Valuation, Funding & Investors

Coaction Specialty Insurance Group was acquired by TowerBrook Capital Partners for $586M in January 2021.

Coaction Specialty Insurance Group acquisition price

$586M

Acquired by TowerBrook Capital Partners · Jan 2021

Cumulative funding Coaction Specialty Insurance Group raised

$200M

across 1 funding round

Key investors in Coaction Specialty Insurance Group

  • TowerBrook Capital Partners
  • Further Global Capital Management

Coaction Specialty Insurance Group Overview

About Coaction Specialty Insurance Group

Coaction Specialty Insurance Group is a P&C insurer rated A- (Excellent) by A.M. Best, offering property, casualty, entertainment, executive liability, and multi-line policies. Relaunched in 2023 after operating as ProSight Global since 2009, it partners with brokers to manage specialty risks using data analytics.


Founded

2009

HQ

United StatesMorristown, NJ

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$586M (acquired Jan 2021)

Coaction Specialty Insurance Group Acquisition

Coaction Specialty Insurance Group was acquired by TowerBrook Capital Partners for $586M on 15 January 2021.

Before the acquisition Coaction Specialty Insurance Group had raised $200M across 1 funding round.

Coaction Specialty Insurance Group acquisition details
AcquirerDateTypePrice
  • TowerBrook Capital Partners
15 Jan 2021PE buyout$586M

Coaction Specialty Insurance Group Funding History

Coaction Specialty Insurance Group has raised a total of $200M across 1 funding round.

Coaction Specialty Insurance Group funding rounds

Coaction Specialty Insurance Group funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2023Undisclosed stageFurther Global Capital Management (lead); TowerBrook Capital Partners (lead)$200MCoaction Specialty Insurance Group, operating under Coaction Global, Inc., is a privately-held specialty property and casualty insurance holding company headquartered in Morristown, New Jersey. It provides property, casualty, entertainment, executive liability, and multi-line coverages across verticals including Casualty, Excess Casualty, Multiline, Executive Lines, Property, Entertainment, and Binding Authority. Certified as a B Corporation, Coaction focuses on underwriting expertise, distribution partnerships, and innovative products for U.S. customers, with subsidiaries rated A- (Excellent) by AM Best. On September 6-7, 2023, Coaction Global completed a ~$200 million growth capital raise led by existing investors Further Global Capital Management and TowerBrook Capital Partners to fuel its transformation into a full-service specialty insurer. The equity investment supports expansion of underwriting divisions, broader distribution relationships, data and analytics enhancements, and premium growth. Sidley Austin provided legal advice, and Truist Securities arranged debt financing. At the time, Coaction reported writing over $1 billion in annual premium, reflecting success from a new senior executive team and expanded capabilities since formation. A prior 2021 take-private valued it at $586M. AM Best affirmed A- Financial Strength Ratings for Coaction subsidiaries in 2026 with positive outlook, citing very strong balance sheet, adequate operating performance, and improved capitalization from organic growth and an $80M parent capital contribution in Q3 2025. The group maintains core market positions with underwriting discipline and rising net investment income.

Who has invested in Coaction Specialty Insurance Group?

2 investors have backed Coaction Specialty Insurance Group across its funding rounds, including TowerBrook Capital Partners and Further Global Capital Management.

Lead investors include Further Global Capital Management and TowerBrook Capital Partners.


Coaction Specialty Insurance Group Investors

Investors in Coaction Specialty Insurance Group by funding rounds participated
InvestorHQRoundsRoleFirst check

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Coaction Specialty Insurance Group Competitors

Coaction Specialty Insurance Group competitors include listed companies like Grenke and Jana Small Finance Bank, and private ones like Rhino, Steadily, Acko and Thetanuts Finance.

Public and private companies comparable to Coaction Specialty Insurance Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RhinoUnited StatesNew York City, NYPrivate$60M-$450M7.5x
SteadilyUnited StatesPortland, ORPrivate--$355M-
AckoIndiaMumbaiPrivate$303M-$1B3.3x
Thetanuts FinanceUnited StatesNorfolk, VAPrivate--$586M-
GrenkeGermanyGermanyPublicly listed$1.1B$218M$574M7.3x
Jana Small Finance BankIndiaIndiaPublicly listed$350M-$573M1.9x

Coaction Specialty Insurance Group Public Comps

Coaction Specialty Insurance Group is no longer listed, but its public comps include Grenke, Jana Small Finance Bank, Hapvida, Nuveen Churchill Direct, Sabre Insurance Group, Investors Title, Crawford, SanlamAllianz Maroc, Velocity Financial and American Integrity.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Grenke$1.1B$218M5.3x7.3x27.3x41.2x
Jana Small Finance Bank$350M-2.3x1.9x--
Hapvida$6.1B$787M0.3x0.3x2.7x4.0x
Nuveen Churchill Direct$180M-9.1x8.8x--
Sabre Insurance Group$270M$69M1.9x1.7x7.3x-
Investors Title$273M$49M2.0x-11.2x-
Crawford$1.3B$89M0.6x0.6x9.2x6.7x
SanlamAllianz Maroc$837M$166M0.6x0.6x2.9x-

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Common questions about Coaction Specialty Insurance Group

When was Coaction Specialty Insurance Group founded?Coaction Specialty Insurance Group was founded in 2009.
Where is Coaction Specialty Insurance Group headquartered?Coaction Specialty Insurance Group is headquartered in Morristown, NJ, United States.
Is Coaction Specialty Insurance Group publicly listed?No, Coaction Specialty Insurance Group was acquired by TowerBrook Capital Partners in January 2021.
Who acquired Coaction Specialty Insurance Group?Coaction Specialty Insurance Group was acquired by TowerBrook Capital Partners in January 2021.
How much was Coaction Specialty Insurance Group acquired for?Coaction Specialty Insurance Group was acquired for $586M in January 2021.
How much funding has Coaction Specialty Insurance Group raised?Coaction Specialty Insurance Group has raised $200M across 1 funding round.
What was Coaction Specialty Insurance Group's last funding round?Coaction Specialty Insurance Group's last funding round was a $200M undisclosed-stage round in September 2023, led by Further Global Capital Management and TowerBrook Capital Partners.
Who are Coaction Specialty Insurance Group's investors?Coaction Specialty Insurance Group's investors include Further Global Capital Management and TowerBrook Capital Partners.
Which companies are comparable to Coaction Specialty Insurance Group?Companies comparable to Coaction Specialty Insurance Group include Rhino, Steadily, Acko, Thetanuts Finance, Grenke and Jana Small Finance Bank.

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