Coalition’s model combines cybersecurity tools, continuous scanning of insureds’ digital infrastructure, and incident response services with traditional cyber policy coverage. Coupled with Allianz’s multinational client base, broker relationships, and local operations in numerous countries, the partners plan to offer a coordinated cyber insurance product for businesses across different segments. The agreement builds on a relationship established in 2022, when Allianz X, Allianz Group’s strategic investment arm, invested in Coalition and supported cyber capacity arrangements and Coalition’s expansion beyond North America. Over time, some Allianz Global Corporate & Specialty SE cyber specialists who work on larger corporate risks are expected to transfer to Coalition, subject to local labor law requirements. The transaction is subject to regulatory and other customary approvals in relevant jurisdictions.
