Allianz Commercial and US-based Coalition entered a long-term agreement that will shift Allianz’s stand-alone commercial cyber insurance business to Coalition.
The deal names Coalition as Allianz’s exclusive global cyber insurance partner across all commercial segments. It will run for at least 10 years.
Coalition will take primary responsibility for pricing, product development, risk mitigation, and claims management across Allianz’s stand-alone commercial cyber portfolio.
Allianz will continue to provide underwriting, claims support, and service delivery for multinational and large corporate customers. It will also supply long-term insurance capacity and give Coalition access to its global distribution network.
Allianz management board member Chris Townsend said the companies are building a global cyber offering that combines Allianz’s brand, market reach, and financial strength with Coalition’s data-driven underwriting and risk management platform.
Together, we are 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, Allianz management board member
Under the agreement, Allianz will receive upfront consideration through a larger equity stake in Coalition. The deal also includes performance-related elements linked to growth and profitability in the cyber business.
Allianz also plans to make an additional equity investment in Coalition. As part of the arrangement, Allianz will gain the right to appoint a director to Coalition’s board.
Oliver Bäte, currently an independent board member at Coalition, is expected to take the nominated board seat after the transaction closes.
The partnership combines Allianz’s distribution reach and client base with Coalition’s Active Insurance model. That model links cyber insurance with security services, including risk detection, threat mitigation, and incident response.
According to Beinsure analysts, the agreement shows how cyber insurance is moving toward closer operational control of risk, not only balance-sheet capacity. Carriers want better data, faster threat visibility, and claims handling tied to live cyber intelligence. Plain policy wording isn’t enough anymore.
The partnership will initially cover Australia, Denmark, Canada, Germany, Sweden, the UK, and the US. The companies plan to expand into additional regions later.
The agreement builds on a relationship that began in 2022, when Allianz X, the investment arm of Allianz Group, invested in Coalition.
Allianz X also supported Coalition’s cyber insurance and capacity partnerships and its expansion outside North America.
Certain cyber specialists from Allianz Global Corporate and Specialty who focus on large corporate risks are expected to join Coalition, subject to local labour law agreements.
The transaction remains subject to regulatory approvals and customary closing conditions.
Coalition CEO and co-founder Joshua Motta said bringing Allianz’s cyber portfolio into Coalition’s Active Insurance system will create a more consistent solution for companies of different sizes. He said the transaction could position Coalition over time as the world’s largest writer of cyber insurance.
