Coalition and Allianz Commercial Expand Strategic Global Cyber Insurance Partnership

Allianz Commercial and Coalition, the world’s first Active Insurance provider designed to help prevent digital risk before it strikes, today announced a transformative, strategic agreement under which Allianz will transition its commercial cyber insurance business to Coalition. The agreement establishes Coalition as Allianz’s exclusive global partner for cyber insurance across all commercial segments, combining the unique strengths of both companies for business customers around the world. Upon completion, Coalition will take primary responsibility for pricing, product development, risk mitigation, and claims management for Allianz’s standalone commercial cyber portfolio, supported by Allianz resources for multinational and large corporate underwriting, service delivery, and claims.

Allianz will also provide long-term insurance capacity to Coalition and access to its extensive distribution channels. Financially, the partnership is structured to support long-term alignment of interests over a minimum of 10 years, driving targeted growth in the commercial cyber segment as this market continues to expand.

Allianz will receive a combination of upfront consideration through increased equity in Coalition, including the right to nominate a director to the Coalition Board (Oliver Bäte, Allianz SE’s Chief Executive Officer, a current independent Coalition board member, is expected to transition to this seat at closing), and performance-based elements linked to the growth and profitability of the cyber business, as well as committing to further equity investment into Coalition.

The partnership will combine Allianz’s brand, distribution scale, and financial security with Coalition’s unique Active Insurance model, which delivers proactive cyber risk detection, threat mitigation, rapid incident response, and comprehensive coverage. Customers will experience a more streamlined, tech-driven solution that not only insures against cyber threats but also actively prevents them. This results in fewer claims, faster resolutions, and greater resilience in an era of escalating digital risks like ransomware and AI-driven cyber attacks. The rollout will proceed in phases, beginning in key collaborative markets, such as the US, the UK, Australia, Germany, Denmark, and Sweden, with expansion to additional regions thereafter.

Chris Townsend, Member of the Board of Management of Allianz SE, explained the deal: “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.” 

Joshua Motta, CEO and co-founder of Coalition, commented: “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.”

Coalition’s Active Insurance approach innovatively blends cybersecurity tools with insurance, empowering businesses to detect and neutralize threats preemptively. Paired with Allianz’s global scale, strong distribution relationships, multinational customer base, and local market access across dozens of countries in the Allianz network, this partnership promises business customers industry-leading coverage, active risk management, and dependable protection that evolves with emerging threats.

This new agreement builds upon the strong relationship formed between the two companies in 2022 when Allianz X, the Group’s strategic investment arm, invested in Coalition, subsequently facilitating its cyber and capacity partnerships with Allianz, and supporting its expansion beyond North America. It is anticipated that a number of Allianz Global Corporate and Specialty SE cyber specialists focused on larger corporate risks will transition to Coalition in due course, subject to local labor law agreements.

This partnership is subject to regulatory and other customary approvals, where relevant.