Allianz and Coalition, the world’s first active insurance provider designed to help prevent digital risk, agreed to a strategic partnership 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.
Under the partnership, Coalition will be responsible 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 provide long-term insurance capacity to Coalition and access to its distribution channels. The partnership is structured to support long-term alignment of interests over a minimum of 10 years.
The S&C team advising Allianz includes Andrew Gerlach, Roderick Gilman, Christopher Vantrease and Joy Sgobbo.