Allianz and Coalition form long term cyber partnership
Allianz Commercial and Coalition announced a partnership under which Allianz will transition its commercial cyber insurance business to Coalition, making Coalition Allianz’s exclusive global cyber insurance partner across commercial segments.
Under the agreement, Coalition will lead pricing, product development, risk mitigation, and claims management for Allianz’s standalone commercial cyber portfolio. Allianz will continue supporting multinational and large corporate underwriting, claims, and service delivery, while also providing long-term insurance capacity and access to its distribution network.
The deal is structured as a long-term partnership with a minimum term of 10 years. Allianz will receive additional equity in Coalition, gain the right to appoint a board member, and participate in performance-based upside tied to growth and profitability. Allianz CEO Oliver Bäte is expected to take the board seat at closing.
The partnership combines Allianz’s global distribution and balance sheet with Coalition’s Active Insurance model, which focuses on cyber risk monitoring, threat mitigation, incident response, and insurance coverage.
The rollout will begin in the US, UK, Australia, Germany, Denmark, and Sweden, with additional markets planned later.
The agreement expands a relationship that began in 2022, when Allianz X invested in Coalition and supported its international expansion. Some Allianz cyber specialists focused on large corporate risks are also expected to transition to Coalition, subject to local labor agreements.
“The global cyber insurance market is growing and evolving at pace and is a core coverage that is in high demand from our clients. Cyber threats differ fundamentally from traditional risks, demanding a dynamic, tech-forward approach to protect our clients effectively. Together, we’re building a best-in-class global cyber offering that combines Allianz’s brand, market reach, and financial strength with Coalition’s unique data-driven platform for underwriting and risk management, underpinning our growth strategy in this important segment.” – Chris Townsend, Member of the Board of Management of Allianz SE.
“This milestone agreement underscores our shared vision with Allianz to safeguard organizations against cyber perils. By integrating Allianz’s cyber portfolio into our Active Insurance ecosystem and expanding our global alliance, we’re delivering a superior, consistent solution for enterprises of all scales. Over time, we expect this transaction will position Coalition to become the largest writer of cyber insurance globally.” – Joshua Motta, CEO and co-founder of Coalition.
