Coaction Specialty Insurance

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Sustainability Summary

  • This is an unclaimed profile. Coaction Specialty Insurance has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.
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Coaction Specialty Insurance Sustainability Profile

Sustainability Summary

  • This is an unclaimed profile. Coaction Specialty Insurance has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.
Powered by Tracker AI BETA; there may be errors

What do our labels mean?

Certified B Corporation Logo

Certified B Corporation

 
Coaction Specialty Insurance is a specialty property and casualty insurer headquartered in Morristown, New Jersey. The company converted to a Public Benefit Corporation in 2022 and states that it integrates environmental, social, and governance principles into its operations. It is described as the first commercial property and casualty insurer to convert to a PBC. Coaction and its majority owner, TowerBrook, are certified B Corporations. The company says its mission is to work with customers, brokers, and partners to manage risks and support businesses and communities in pursuing sustainable futures.

About Coaction Specialty Insurance

  • Status
  • Unverified
  • Employees
  • 100 - 500
  • Country
  • United States

Coaction Specialty Insurance Sustainability Actions

Converted to a Public Benefit Corporation

On March 14, 2022, the company announced its rebranding to Coaction Global, Inc., effective April 19, 2022, with its insurance operations becoming Coaction Specialty Insurance Group, Inc. Concurrent with the rebranding, Coaction converted to a Public Benefit Corporation, becoming the first commercial property and casualty insurer to do so and integrating environmental, social, and governance principles into its operations.

Certified B Corporation status

Coaction and its majority owner TowerBrook are certified B Corporations for their commitments to social and environmental accountability.

Uses data-driven risk solutions

Following the rebranding, Coaction prioritized deepening client partnerships, deploying data-driven risk solutions, and expanding into new verticals such as entertainment and executive liability to deliver tailored, innovative coverage options.

Supports sustainable futures

The company's mission centers on "coacting" with customers, brokers, and partners to rationally manage risks, enabling businesses and communities to pursue ambitious, confident, and sustainable futures through innovative insurance products grounded in data-driven insights and industry expertise.

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What do our labels mean?

Certified B Corporation Logo

Certified B Corporation

About Coaction Specialty Insurance

  • Status
  • Unverified
  • Employees
  • 100 - 500
  • Country
  • United States