Coalition has announced the addition of Oliver Bäte, Chief Executive Officer of Allianz SE, to its Board of Directors.
Bäte has served as the CEO of Allianz SE since 2015, and has also held further significant roles within the German multinational, including Chief Financial Officer and Chief Operating Officer. Preceding this, he had a distinguished career at McKinsey & Company, serving as Director of the firm’s European insurance and asset management practice.
Joining a distinguished Board of Directors including leaders from SpaceX, Index Ventures, and Ribbit Capital, Bäte strengthens Coalition’s strategic guidance and industry insight.
The firm is dedicated to revolutionising insurance by averting digital risks before they materialise.
Coalition achieves this by combining robust insurance coverage with cybersecurity tools, aiding businesses in managing and mitigating digital threats. Presently operating in the U.S., U.K., Canada, and Australia, the firm collaborates with leading global insurers and operates its cyber capacity through Coalition Insurance Company.
Their Active Risk Platform offers automated security alerts, threat intelligence, and cybersecurity tools, fostering resilience against cyber attacks. The company operates as a distributed entity headquartered in San Francisco, fostering global collaboration within digital and physical office hubs.
Joshua Motta, Coalition’s Chief Executive Officer and co-founder, said, “We’re thrilled to have Oliver join Coalition’s Board as it’s a testament to his commitment to technological innovation in insurance. 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.”
Oliver Bäte, Chief Executive Officer of Allianz SE and new Coalition Board Member, said, “Today, businesses across the world are experiencing new types of risks, and our industry requires new thinking to address them. 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.”
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