Active Insurance provider, Coalition, has appointed Oliver Bäte, the Chief Executive Officer (CEO) of global insurer Allianz SE, to its Board of Directors.
Joshua Motta, Coalition’s Chief Executive Officer and Co-founder, commented on the addition: “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 organizations that are currently unprotected.”
Bäte is a longstanding executive at the Allianz Group, he began serving as CEO of Allianz in 2015. Previously, he served as Chief Financial Officer and Chief Operating Officer at the company.
Earlier in his career, he served in a number of leadership positions at McKinsey & Company, including Director of the firm’s European insurance and asset management practice.
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.”
Alongside Bäte, Coalition’s Board of Directors includes 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; and Joshua Motta, CEO and co-founder of Coalition.
