Markets/Coverages: MGA Coalition Launches Cyber Insurance in France

Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, announced the launch of its Active Cyber Insurance in France through its subsidiary, Coalition Insurance Solutions GmbH.

French companies with revenues of up to €1 billion can now access innovative cyber risk management and cyber insurance coverage on a primary basis, Coalition said, noting that capacity is provided by Allianz Commercial via Allianz Global Corporate & Specialty SE (AGCS) in a multi-year agreement.

“Coalition’s Active Insurance combines comprehensive cyber insurance with internal technical cybersecurity knowledge, technologies, and services for a completely integrated approach to risk,” commented Tine Simonsen, Coalition’s head of Insurance, Continental Europe.

“As global cyber threats grow, French businesses – small businesses especially – need an experienced and innovative insurance provider that not only helps mitigate financial losses, but also equips them with the cybersecurity tools necessary to better understand their risks, strengthen their defenses, and prevent future attacks,” Simonsen added.

To support the launch of its French operations, Coalition announced the appointment of Benjamin Barès as its head of Business Development for France. He joins with more than 20 years of industry experience, most recently as director of Direct Sales and Partnerships at Hiscox Assurances France.

Barès will be supported by a team that includes Frédéric Gatte as director of Underwriting with strong cyber expertise gained from his recent positions at Onda and Diot Siaci, and Production Underwriter Tom Paparella, who transfers from Coalition’s U.S. team. The company plans to expand its workforce in several French cities. To learn about open positions at Coalition, cyber professionals can visit: https://www.coalitioninc.com/careers.

Through Active Insurance, policyholders can identify, mitigate, and respond to emerging cyber threats before they escalate into full-blown attacks. The company delivers end-to-end protection backed by in-house technical expertise, cutting-edge technologies, and expert support services focused exclusively on cybersecurity.

Coalition’s proprietary cyber risk management platform, Coalition Control®, provides insured companies with a complete assessment of their exposure and risk, said the company, explaining that insureds also receive alerts about vulnerabilities and cyber threats as they emerge. Businesses can also access security services, including employee security awareness training and managed detection and response (MDR). In the event of an incident, Coalition’s claims and incident response teams are available 24/7.

Source: Coalition

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