Coalition, an active insurer focused on preventing digital risks, has announced the launch of its Active Cyber Insurance in France through its subsidiary, Coalition Insurance Solutions GmbH.
With capacity provided by Allianz Commercial via Allianz Global Corporate & Specialty SE (AGCS) – in a multi-year agreement – Active Insurance is now available to businesses up to €1 billion on a primary basis.
“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.
He added: “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 defences, and prevent future attacks.”
Coalition’s integrated approach to cyber risk management combines some of the most comprehensive coverage available on the market with cybersecurity solutions and services, the firm explains.
Their Active Insurance combines extensive coverage with cybersecurity tools and services to help businesses identify and stop threats before they become major issues.
Through Coalition’s proprietary cyber risk management platform, Coalition Control®, insured companies benefit from a complete assessment of their exposure and risk, and receive alerts about vulnerabilities and cyber threats as they emerge.
Businesses have access to security services, such as managed detection and response (MDR) and employee security awareness training. Coalition’s claims and incident response teams are on hand 24/7 should an incident occur.
To support the launch of its French operations, Coalition also announced the appointment of Benjamin Barès as its Head of Business Development for France.
He brings over two decades of industry experience to his new role, having most recently served as Director of Direct Sales and Partnerships at Hiscox Assurances France.
Barès will be joined by Frédéric Gatte, who brings significant cyber expertise from his previous roles at Onda and Diot Siaci, as Director of Underwriting.
Tom Paparella will also be part of the team, transferring from Coalition’s U.S. team to serve as Production Underwriter. The company plans to expand its workforce across multiple French cities.
Barès commented: “I’m thrilled to be joining Coalition, a trusted insurance provider for over 100,000 organizations and a partner to over 65,000 brokers worldwide. Our ambition in France – as around the globe – is to establish long-lasting relationships with brokers and agencies, supported by extensive training materials and broker-specific resources, as well as a streamlined quoting process that enables brokers to obtain quotes within minutes via our online Broker Platform.”
