Coterie Insurance, a tech-enabled managing general agent specialising in commercial property and casualty insurance for small businesses, has appointed Mark Seich as Chief Revenue Officer. Seich will oversee revenue strategy across distribution, agency engagement, marketing and customer experience to accelerate profitable growth in the independent agency channel. Seich brings over 15 years of insurance leadership experience. He previously served as VP of Marketing & Distribution at The Philadelphia Contributionship and held senior roles at Berkley Fire & Marine, where he drove digital quote-and-bind initiatives and distribution strategies that delivered significant premium growth. The appointment follows Coterie's recent expansion of its executive team, including additions of a Chief Technology Officer and Chief Platform Officer last year, as the Wisconsin-based company scales its digital underwriting platform nationwide.

Allianz X, the investment arm of Allianz Group, has made a strategic equity investment in Coterie Insurance, a small business insurance startup. Prior to this, Coterie raised nearly $100 million. Allianz X is leading Coterie's Series C investment and plans to expand its reinsurance relationship with Allianz Reinsurance. This partnership aims to leverage AI-driven underwriting to enhance Coterie's growth in the SMB insurance market.