Allianz has agreed to move its standalone commercial cyber insurance business to US-based Coalition.

Coalition’s product will be offered to Allianz’s global customer base, with a rollout starting in Australia, the US, the UK, Germany, Denmark and Sweden.

“We expect this transaction will position Coalition to become the largest writer of cyber insurance globally,” Coalition CEO and co-founder Joshua Motta said.

“We’re delivering a superior, consistent solution for enterprises of all scales.”

Allianz, which first invested in Coalition in 2022, says some of its cyber specialists focused on larger corporate risks will move to the San Francisco-based partner. It will make further investments in Coalition, and CEO Oliver Bate is expected to become a Coalition director.

“The partnership will combine Allianz’s brand, distribution scale and financial security with Coalition’s unique active insurance model, which delivers proactive cyber risk detection, threat mitigation, rapid incident response and comprehensive coverage,” the insurer said.

“Customers will experience a more streamlined, tech-driven solution that not only insures against cyber threats but also actively prevents them.

“This results in fewer claims, faster resolutions and greater resilience in an era of escalating digital risks like ransomware and AI-driven cyberattacks.”

Coalition will be Allianz’s exclusive partner for cyber across all commercial segments, taking primary responsibility for pricing, product development, risk mitigation and claims management.

Allianz will provide Coalition with long-term capacity, distribution channels and corporate underwriting, service delivery and claims support.

“We’re building a best-in-class global cyber offering that combines Allianz’s brand, market reach and financial strength with Coalition’s unique data-driven platform for underwriting and risk management,” Allianz board of management member Chris Townsend said.

“Cyber threats differ fundamentally from traditional risks, demanding a dynamic, tech-forward approach.”