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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
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
Travelers’ Q4 net income rises by $807m to $1.6bn
19th January 2024
The Travelers Companies, Inc. has posted a net income of $1.626 billion for the fourth quarter of 2023, driven by higher core income, partially offset by net realized investment losses compared to net realized investment gains in the same period of 2022. At $1.626 billion, the insurer's net income increased by ... Read the full article
AXIS Capital names Lori Bailey Head of Cyber and Technology
19th July 2023
AXIS Capital, a global specialty underwriter and provider of re/insurance solutions, has appointed Lori Bailey as Head of Cyber and Technology, a New York-based role. In her new role, Bailey will oversee the company’s Global Cyber and Technology team and will be responsible for shaping the division’s strategy, driving its profitability ... Read the full article
AXIS names Lori Bailey as Global Head of Growth within Global Cyber & Tech unit
12th June 2023
AXIS Capital Holdings Limited has announced the appointment of Lori Bailey as its Global Head of Growth within the Global Cyber & Technology division. She will be reporting to Dan Trueman, the Global Head of Cyber & Technology. In this newly created position, Bailey's remit includes shaping the team’s strategic direction. ... Read the full article
Ransomware attacks creating repercussions for the insurance industry: Coinnect
14th February 2023
A new report from Coinnect has highlighted how ransomware attacks are creating repercussions for the insurance sector, as companies are being forced to deal with several issues related to the assessment of their customers' cyber risks and the determination of the potential impact of an attack. The report, titled, ‘Ransomware Intelligence ... Read the full article
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