Coalition launches in France

Cyber insurance startup Coalition has launched in France through its subsidiary, Coalition Insurance Solutions GmbH.

French companies with revenues of up to €1 billion can now access cyber risk management and cyber insurance coverage on a primary basis. Capacity is provided by Allianz Commercial via Allianz Global Corporate & Specialty SE in a multi-year agreement.

To support the launch of its French operations, Coalition also announced the appointment of Benjamin Barès as its Head of Business Development for France. He joins with more than 20 years of industry experience, most recently as Director of Direct Sales and Partnerships at Hiscox Assurances France.

Coalition is currently live in the US, UK, Canada, Australia, Germany, Denmark, Sweden, and France.

“Coalition’s Active Insurance combines comprehensive cyber insurance with internal technical cybersecurity knowledge, technologies, and services for a completely integrated approach to risk. As global cyber threats grow, French businesses—small businesses especially—need an experienced and innovative insurance provider that not only helps mitigate financial losses, but also equips them with the cybersecurity tools necessary to better understand their risks, strengthen their defenses, and prevent future attacks.” – Tine Simonsen, Coalition’s Head of Insurance, Continental Europe.