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Corvus receives additional $15m through series C extension round

3rd June 2021

Boston-based insurtech firm Corvus Insurance has announced that after raising a total of $100 million through its Series C funding round, it secured an additional $15 million through an extension. The round was led by venture capital firms FinTLV and Aquiline Technology Growth (ATG), and brings the firm's overall funding to ... Read the full article

Insurtech Corvus enters partnership with Skyward Specialty

7th April 2021

Boston-based insurtech firm Corvus Insurance has entered into a new partnership with Skyward Specialty Insurance Group to expand its Smart Cargo + Cyber offering. The announcement comes after Corvus raised $100 million in a Series C fundraising round, bringing the company to a $750 million valuation. Corvus Smart Cargo + Cyber insurance ... Read the full article

Insurtech Corvus secures $32mn in venture funding

13th January 2020

Boston-based insurtech firm Corvus has secured $32 million in a Series B round of venture funding, led by Telstra Ventures. As part of the funding arrangement, Marcus Bartram, Partner at Telstra Ventures, will now join Corvus's Board of Directors. The funding round also included participation from Obvious Ventures and existing Corvus investors ... Read the full article

InsurTech Corvus expands offering with the launch of Smart Tech E&O

14th August 2019

Boston-based InsurTech, Corvus Insurance has expanded its product line with the launch of Smart Tech E&O, a data-enabled Tech E&O and Cyber Liability policy which helps both brokers and policyholders better predict and prevent risk. The product assists both brokers and policyholders through automated IT security analysis, industry benchmarking and ongoing ... Read the full article

HSCM-backed insurtech Corvus develops silent cyber offering for cargo

26th July 2019

Corvus Insurance, an AI-driven insurtech MGA backed by ILS and reinsurance investment manager Hudson Structured Capital Management (HSCM), has expanded its product line with an offering that focuses on silent cyber risks posed by cargo insurance policies. The offering, called Smart Cargo + Cyber, will allow brokers and their policyholders to ... Read the full article

Cyber insurance study suggests businesses lack ransomware insurance

22nd August 2022

A recent BlackBerry Cyber Insurance Coverage study shows that businesses are growing increasingly concerned about how they will meet ransomware demands. Only 19% of those surveyed have ransomware coverage limits above $600,000, while 59% hoped the government would cover damages when future attacks are linked to other nation-states. Shishir Singh, Executive Vice ... Read the full article

Rossini and Suckerman take new roles within AXA XL cyber business

20th July 2022

AXA XL’s cyber insurance business has announced the creation of two new roles and several regional underwriting management appointments in the US. Rachel Rossini has assumed a new role as Product Manager for Cyber and Technology E&O. In her new role, Rossini will lead the company’s go-to-market strategy in the US cyber ... Read the full article

Loadsure makes senior appointments in Nathan Trimble and Kate Lawson

9th May 2022

Loadsure has made two appointments at the top of its organisation. The firm said it has promoted Nathan Trimble to CCO and Kate Lawson to head of people and culture, effective immediately. They both report to Jim Heide, COO. Johnny McCord, CEO of the company, said: “Both Nathan’s and Kate’s contributions have ... Read the full article

Skyward Specialty files IPO registration statement with SEC

27th April 2022

Specialty insurance firm Skyward Specialty has confidentially submitted a draft registration statement with the US’s Securities and Exchange Commission (SEC) relating to an initial public offering of its stock. The firm made the announcement in a statement but did not provide any information as to how many shares would be offered ... Read the full article

Ariel Re picks up Portfolio Manager from CyberCube

15th March 2022

Ariel Re has decided to implement analytics platform Portfolio Manager into its organisation. The software, from CyberCube, is a scenario-based data-driven model that enables risk professionals to develop insights for their senior leadership and teams. Portfolio Manager stress tests portfolios of insurance and reinsurance risks against a range of systemic cyber-related ... Read the full article

Global insurtech investment hits record $2.55bn in Q1: WTW

28th April 2021

New data from re/insurance broker Willis Towers Watson (WTW) shows that global investment in the insurtech sector reached a new quarterly high of $2.55 billion during the first quarter of 2021. This included eight so-called ‘mega-rounds’, which was more than in any other three-month period, analysts found, and which accounted for ... Read the full article