Appointment reflects company's commitment to tech innovation in insurance
By Roxanne Libatique
Nov 29, 2023 Share
Coalition has announced the appointment of Allianz SE chief executive officer Oliver Bäte to its board of directors.
A longstanding executive at the Allianz Group, Bäte (pictured) has been the CEO of Allianz SE since 2015 after serving as chief financial officer and chief operating officer. Previously, he served in several leadership roles at McKinsey & Company, including director of the firm's European insurance and asset management practice.
New Coalition board member
Coalition CEO and co-founder Joshua Motta said Bäte's addition to the board reflects the company's commitment to technological innovation in the insurance industry.
“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 organisations that are currently unprotected,” Motta said.
Commenting on his appointment, Bäte 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.”
Bäte will work closely with fellow board members:
- 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
- Joshua Motta, CEO and co-founder of Coalition
Related Stories
- Coalition expands executive risks offering to surplus lines paper
- Coalition launches cyber vulnerability scoring system
Fetching comments… Please enable JavaScript to view the comments powered by Disqus.
LATEST NEWS
CYBER
Cyber insurer appoints Allianz SE leader to board
INSURANCE NEWS
CFC CEOs to exit after Lloyd’s misconduct investigation
INSURANCE NEWS
Why do HNW clients have a skewed understanding of insurance?
CYBER
Allianz cyber head warns ransomware is "back with a vengeance"
