Ferian Re is an independent, Bermuda-based Class 3B reinsurer that provides quota share reinsurance for claims made and reported commercial cyber insurance policies originated by affiliates of Coalition – a leading provider of cyber insurance and security services. Over time, Ferian Re expects to expand into additional reinsurance contracts, including both quota share and stop loss insurance coverage for additional cyber programs originated by Coalition, and may consider reinsurance contracts for select non-cyber Coalition portfolios (e.g., D&O, Employment Practices Liability, etc.). In addition, the Company may consider additional lines of coverage from third parties that have low volatility and a significant track record of profitability, and that would complement Ferian Re’s cyber portfolio from a diversification and risk management perspective.