Allianz Hands Commercial Cyber Insurance Unit to Coalition

Allianz Retains Risk Exposure While Outsourcing Cyber Insurance Operations Michael Novinson (MichaelNovinson) • May 6, 2026

German insurance giant Allianz will transition its commercial cyber insurance business to Coalition, making the San Francisco-based company the largest writer of cyber insurance globally.

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Under the agreement, Coalition will take primary responsibility for pricing, product development, risk mitigation and claims management for Allianz's standalone commercial cyber portfolio. Allianz, meanwhile, will continue providing insurance capacity and retain substantial risk exposure on its balance sheet, said Allianz Commercial Global Head of Communications Hugo Kidston.

"It's a different approach to what most people have in the market, an approach that is pretty unique and it's a big step up in our cyber offering that we think is going to directly benefit our customers," Kidston told ISMG. "We've got high, high expectations ...