SAN FRANCISCO--(BUSINESS WIRE)--Coalition, the world's first Active Insurance provider designed to prevent digital risk before it strikes, today announced the appointment of Mr. Oliver Bäte, Chief Executive Officer of Allianz SE, to the company’s Board of Directors.
“We’re thrilled to have Oliver join Coalition’s Board as it’s a testament to his commitment to technological innovation in insurance,” said Joshua Motta, Coalition’s Chief Executive Officer and co-founder. “The cyber insurance market is always evolving, and having Oliver’s insight and expertise on the industry, global operations, and long-term planning will be invaluable as we all seek to achieve an ambitious goal: to protect all those organizations that are currently unprotected.”
As a longstanding executive at the Allianz Group, Oliver Bäte began serving as CEO of Allianz SE in 2015, a position preceded by serving as Chief Financial Officer and Chief Operating Officer. Prior to this, he served in a number of leadership positions at McKinsey & Company, including Director of the firm’s European insurance and asset management practice.
“Today, businesses across the world are experiencing new types of risks, and our industry requires new thinking to address them,” commented Oliver Bäte, Chief Executive Officer of Allianz SE and new Coalition Board Member. “I am encouraged by Coalition’s innovative approach to managing and mitigating cyber risk in today’s digital world and am pleased to join Coalition’s Board of Directors.”
Bäte joins Coalition’s prestigious Board of Directors, which includes Bret Johnsen, CFO of SpaceX; Julie Richardson, Independent Board Member; Shardul Shah, Partner at Index Ventures; Nick Shalek, General Partner at Ribbit Capital; John Hering, co-founder of Coalition; and Joshua Motta, CEO and co-founder of Coalition.
Coalition is the world's first Active Insurance provider designed to help prevent digital risk before it strikes. By combining comprehensive insurance coverage and cybersecurity tools, Coalition helps businesses manage and mitigate digital risks. Coalition offers its Active Insurance products in the U.S., U.K., Canada, and Australia through relationships with leading global insurers, as well as cyber capacity through its own carrier, Coalition Insurance Company. Coalition's Active Risk Platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses worldwide remain resilient against cyber attacks. Headquartered in San Francisco, Coalition is a distributed company with a global workforce that collaborates digitally and in office hubs.
Insurance products are offered by Coalition Insurance Solutions Inc. (“CIS”), a licensed insurance producer and surplus lines broker with its principal place of business in San Francisco, CA (Cal. license #0L76155), acting on behalf of a number of unaffiliated insurance companies and available on an admitted basis through Coalition Insurance Company (“CIC”) a licensed insurance underwriter (NAIC #29530). Insurance products offered through CIS and CIC may not be available in all states. CIS may receive compensation from an insurer or other intermediary in connection with the sale of insurance. All decisions regarding any insurance products referenced herein, including approval for coverage, premium, commission, and fees, will be made solely by the insurer underwriting the insurance under the insurer’s then-current criteria. All insurance products are governed by the terms, conditions, limitations, and exclusions set forth in the applicable insurance policy. Please see a copy of your policy for the full terms, conditions, and exclusions. Copyright © 2023. All rights reserved. Coalition and the Coalition logo are trademarks of Coalition, Inc. or its affiliates.