Allianz CEO Bäte joins Coalition board of directors
Allianz chief executive officer Oliver Bäte has joined the board of directors of cyber managing general agent (MGA) and active insurance provider Coalition.
Bäte joins Coalition’s board, which includes 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.
A longstanding executive at the Allianz Group, Bäte has served as CEO of Allianz SE since 2015, a position preceded by serving as chief financial officer and chief operating officer. Prior to that, he served in a number of leadership positions at McKinsey & Company, including director of the firm’s European insurance and asset management practice.
Motta 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 organisations that are currently unprotected.”
Bäte commented: “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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