Reinsurance News

Corvus Insurance names Albert Zhou as Chief Risk Officer

2nd June 2023 - Author: Akankshita Mukhopadhyay

Corvus Insurance, an AI-powered cyber specialty insurer, has announced the appointment of Albert Zhou as Chief Risk Officer.

albert-zhou-corvusZhou will report directly to Corvus Insurance’s President, Prashanth Gangu, and join the company’s leadership team.

Zhou, a seasoned insurance professional with over 12 years of cross-functional experience in actuarial, risk, and analytics, will play a pivotal role in enhancing Corvus’s industry-leading approach to managing cyber risks.

Prior to joining the company, Zhou held the position of Chief Actuarial & Analytics Officer at SynchronoSure, an early-stage commercial MGA. In 2021, he founded Toyl Ventures, a privately owned arbitrage trading firm specialising in digital assets.

Zhou also spent seven years at Third Point Re and SiriusPoint, where he served as SVP, Actuarial Director, leading the U.S. actuarial team in areas such as pricing, reserving, capital modeling, and risk management. His career commenced as an actuarial consultant at Ernst & Young, and he holds the esteemed designation of Fellow of the Casualty Actuarial Society.

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Expressing his enthusiasm for joining Corvus, Zhou emphasised the company’s impressive underwriting results and its innovative and collaborative culture, which combines top-tier talent from technology and insurance backgrounds.

“Cyber insurance is an exciting, non-commoditized insurance product that provides critical coverage to our policyholders while still allowing plenty of room for innovation and growth,” Zhou added.

Gangu lauded Zhou’s appointment, recognising the significant contributions he will make to the company’s ambition of becoming the dominant player in the cyber insurance market. Gangu emphasised Zhou’s deep experience and leadership as instrumental in advancing Corvus’s risk management practices.

In his new position, Zhou will oversee the implementation of best-in-class risk and actuarial practices at Corvus. His responsibilities will encompass pricing, reserving, systemic risk modeling, risk accumulation, and aggregation.

Additionally, Zhou will manage risk-taking activities through Corvus’s captive, Corvus Reinsurance Company.

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