Allianz passes cyber to Coalition
Allianz has signed a global deal to move its commercial cyber insurance business to Coalition.
Coalition entered the UK market in 2022 by partnering with Allianz and selling exclusively through brokers.
It was the second expansion for US-based Coalition which had previously grown into Canada. At the time, CEO and co-founder Joshua Motta told Insurance Age the company was targeting becoming “one of the standard set of markets that domestic brokers approach for coverage” within 12 months.
According to Coalition, it is now eyeing up becoming the largest writer of cyber insurance globally.
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