San Francisco-based Coalition, the Active Insurance provider, has appointed Mr. Oliver Bäte, Chief Executive Officer of Allianz SE, to its Board of Directors. This strategic move underscores Bäte’s dedication to technological innovation in the insurance sector, especially in the ever-evolving landscape of cyber insurance.
“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,” added Motta.
Motta acknowledged the transformative nature of Coalition’s mission – protecting organizations from unforeseen digital threats – and highlighted Bäte’s extensive experience as instrumental in achieving this ambitious goal.
Oliver Bäte
A seasoned executive at Allianz Group, Bäte assumed the role of CEO in 2015 after serving as Chief Financial Officer and Chief Operating Officer. His career also includes leadership roles at McKinsey & Company, including Director of the firm’s European insurance and asset management practice.
Bäte recognizes the evolving risks businesses face globally and the imperative for innovative approaches. He praised Coalition’s forward-thinking strategy in managing and mitigating cyber risks in today’s digital era. “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,” said Bäte.
Coalition’s Board of Directors features notable figures like Bret Johnson, CFO of SpaceX; Julie Richardson, Independent Board Member; Shardul Shah, Partner at Index Ventures; Nick Shalek, General Partner at Ribbit Capital; John Herring, co-founder of Coalition; and Joshua Motta, CEO and co-founder of Coalition.
As the world’s first Active Insurance provider, Coalition combines comprehensive coverage with cybersecurity tools to manage digital risks proactively. Their Active Risk Platform delivers automated security alerts, threat intelligence, expert guidance, and cybersecurity tools. Operating in the U.S., U.K., Canada, and Australia, Coalition is headquartered in San Francisco.
Source: Coalition Appoints Oliver Bäte, Chief Executive Officer of Allianz SE, to its Board of Directors
Other News: Coalition Buys Prop/Casualty Insurer from Munich Re (Opens in a new browser tab)