Reinsurance News

Your search for “corvus”

Corvus appoints Madhu Tadikonda as Chief Executive Officer

11th August 2022

Specialty insurance MGA Corvus Insurance has appointed Madhu Tadikonda as its new Chief Executive Officer, effective immediately. He will join the Corvus Board of Directors and will report directly to the Board. At the same time, the InsurTech’s founding CEO, Phil Edmundson, will assume the new role of Executive Chair and Chair ... Read the full article

Corvus opens new office in Germany

28th July 2022

Corvus Insurance, a provider of smart commercial insurance products, has opened a new continental European office in Frankfurt, Germany. The new office will look to underwrite cyber insurance business for both small- and medium-sized businesses (SMBs) and larger corporations. According to Corvus, the office location will help the company create a presence ... Read the full article

Corvus expands partnership with SiriusPoint and R&Q Accredited

22nd July 2022

Corvus Insurance, a provider of smart commercial insurance products, has announced an expanded strategic partnership with specialty re/insurer SiriusPoint, and R&Q Accredited, a program management solution provider. The latest multi-year investment from SiriusPoint and R&Q Accredited adds an additional $100 million to the program. The enhanced program follows an initial investment ... Read the full article

Corvus promotes James Berry to Chief Claims Officer

13th July 2022

Specialty insurance MGA Corvus Insurance has announced the promotion of James Berry to Chief Claims Officer. Berry, who previously served as Corvus London Markets’ Claims Team Lead, will now manage the in-house Claims teams at Corvus on a global scale. The new role is also a first of its kind for Corvus, ... Read the full article

Corvus appoints Paul Gaspar as Chief Data Officer

16th June 2022

Corvus Insurance, the specialty MGA, has announced the appointment of Paul Gaspar as Chief Data Officer, effective immediately. In this role, Gaspar will lead Corvus’s data infrastructure evolution and innovation. He is charged with scaling Corvus’s core data streams and identifying new sources of information to build upon the company’s ... Read the full article

Corvus Insurance finds 2021 average ransoms paid by quarter were down 44.2%

19th April 2022

Corvus Insurance has released findings from its second Corvus Risk Insights Index - a compilation of industry trends and data analysis based on the company’s IT security scanning technology, the Corvus Scan. One of the major findings from the report was that ransomware attacks are down from recent peaks, as the ... Read the full article

Corvus Insurance names new head of international

28th January 2022

Corvus Insurance has named Oliver Delvos as its new head of international. Delvos will be based in Frankfurt, Germany, in a role that is slated to begin in the summer. In his new role, Delvos will develop and implement Corvus’s long-term operational and organisational strategy for territories outside of the US, with ... Read the full article

Corvus acquires cyber platform Tarian from Beat

6th January 2022

Beat Capital Partners, a long duration investor specialising in the insurance industry, has announced the sale of Tarian Underwriting to Corvus Insurance, a provider of smart commercial insurance products powered by AI-driven risk data. Established in 2016, Tarian is cyber underwriting platform that provides solutions to the cyber risk environment and ... Read the full article

Ransoms demanded to ransoms paid on the decline: Corvus

1st December 2021

Corvus Insurance has released a new report, showing the insights and tools used by risk managers, IT departments, security researchers, and solution providers to hone their offerings and approaches to keeping organisations safe from evolving cyber threats. The report looked at ransomware which has quickly become a dominant force in cyber ... Read the full article

Corvus opts for portfolio management tools from CyberCube

25th November 2021

Corvus Insurance, a provider of AI-powered commercial insurance, has announced that it plans to use CyberCube’s Portfolio Manager to better analyse and understand cyber risk. In addition to Portfolio Manager, the Boston-based managing general agent (MGA) will also use CyberCube’s Single Point of Failure (SPoF) model and Attritional Loss model as ... Read the full article

Corvus enters FI market with new data-driven suite

15th October 2021

Corvus Insurance has announced its entry into the financial institutions insurance market with the launch of a data-driven suite of offerings designed for the investment advisor market. Smart Investment Advisor Insurance is a comprehensive, modular policy offering Directors & Officers, Errors & Omissions, Fund Liability, Employment Practices Liability and Fiduciary lines. Additionally, ... Read the full article

Corvus adds Vincent Weafer as CTO

7th October 2021

AI-driven commercial insurer Corvus has announced the appointment of Vincent Weafer as its new Chief Technology Officer, bringing over 25 years’ experience to the role. Weafer was most recently Senior Vice President of Cyber Engineering at Capital One, where he led a multi-disciplined team of cyber, technology, and machine learning engineers ... Read the full article

Corvus adds Madhu Tadikonda as President

30th September 2021

Corvus Insurance, a provider of AI-powered commercial insurance, has welcomed Madhu Tadikonda as its first President. Tadikonda brings over a decade's worth of insurance industry experience to the role. He started his career at AIG, serving as both Chief Data Scientist in Commercial Insurance and then Global Chief Underwriting Officer. More recently, Tadikonda ... Read the full article

Corvus, SiriusPoint announce investment & underwriting capacity partnership

16th September 2021

Corvus Insurance, a provider of smart commercial insurance products, has partnered with specialty re/insurer SiriusPoint, via a strategic investment and multi-year underwriting capacity partnership that will support existing and future commercial insurance product offerings. The partnership’s first program, with leading program management solution provider R&Q’s Accredited acting as the fronting insurer, ... Read the full article

Corvus Insurance acquires Wingman tech platform

9th August 2021

Boston-based insurtech firm Corvus Insurance has announced the acquisition of Wingman Insurance, which provides a tech platform for cyber and tech E&O coverage across the US. Wingman, which will retain its independent brand and offering following the acquisition, is expected to enable Corvus to enter the admitted coverage marketplace and increase ... Read the full article