Allianz X Announces Strategic Investment in Coterie Insurance

NEW YORK and APPLETON, Wis., Sept. 11, 2025 (GLOBE NEWSWIRE) -- Allianz X, the strategic investment arm of the Allianz Group, is pleased to announce a strategic equity investment in Coterie Insurance (Coterie), a tech-enabled, data-powered managing general agent (MGA) specializing in property and casualty (P&C) commercial insurance products for small to mid-size business (SMB) owners in the United States.

"Coterie has an exceptional platform for the SMB insurance market, a segment that is both attractive and challenging," said Alexander De Kegel, CIO and MD of Allianz X North America. "This deal demonstrates Allianz X's ongoing commitment to the segment and the opportunities within it, as well as marking the beginning of the next phase of Coterie’s growth, which we will achieve together by leveraging our respective strengths."

Coterie’s advanced technology ensures ease of use for policyholders and distribution partners alike, and 65 percent of the company's policies are bound within the first 24 hours of the first touchpoint. This technology-forward approach couples stakeholder support with strong risk selection and underwriting discipline, which sits at the core of Allianz X’s investment thesis.

"Coterie enables agents and brokers to profitably write and service small and micro commercial accounts, and we are doing it with strong operating leverage to ensure long-term viability in this segment," said David McFarland, CEO and Founder of Coterie. "By investing in AI-driven underwriting and servicing, we’re uncovering new and bigger opportunities every day. Our relationship with Allianz X will help us continue to build and advance in the micro-commercial space."

As well as Allianz X leading Coterie’s Series C investment, the deal also involves leveraging the strengths of the Allianz Group to forge a long-term, expanded reinsurance relationship between Coterie and Allianz Reinsurance, the reinsurance arm of the Allianz Group.

"Allianz Re has been a reinsurer of Coterie since 2023, and we have been consistently impressed by their exceptional growth and strong underwriting performance," said Holger Tewes-Kampelmann, CEO of Allianz Reinsurance. "We are excited to expand our reinsurance relationship with them, providing the necessary capacity to support their ambitious goals."

About Coterie Insurance (Coterie)
Coterie Insurance (Coterie) is a tech-enabled, data-powered managing general agent (MGA) providing commercial property and casualty (P&C) coverages for small business (SMB) owners in all 50 states. Coterie’s technology enables a rapid, transparent, accurate, quote-to-bind process that results in opportunities for agents and the right coverage for small businesses, on-demand.

About Allianz X
Allianz X is the strategic investment arm of the Allianz Group, dedicated to keeping the leading global insurer and asset manager at the forefront of the industry. By making and actively managing high-conviction investments in companies with exceptional growth potential and forging unique partnerships between them and Allianz, Allianz X enables transformative collaborations, builds platforms, and unlocks value for the Group. Stay connected with Allianz X on Medium, LinkedIn, and X (formerly Twitter).

About Allianz Group
The Allianz Group is one of the world's leading insurers and asset managers serving private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 749 billion euros* on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.8 trillion euros* of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2024, over 156,000 employees achieved total business volume of 179.8 billion euros and an operating profit of 16.0 billion euros for the Group. * As of June 30, 2025.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.