Reinsurance News
Corvus
Corvus Insurance welcomes Prashanth Gangu as new President
3rd April 2023
Corvus Insurance, an AI-powered cyber specialty insurer, has announced the appointment of Prashanth Gangu as President of the company. Gangu is a veteran of the insurance industry with more than two decades of industry experience across strategy, mergers and acquisitions, distribution, product, underwriting, risk, operations, and technology. In his new role as ... Read the full article
Chat GPT & AI a growing concern for cyber insurance: Corvus’ Hedberg
24th March 2023
With the capabilities of Chat GPT and artificial intelligence (AI) continuing to advance, this technology is only going to get smarter and potentially more difficult to control as it can be used to facilitate security breaches and increase the scale of cyber-attacks, states Peter Hedberg, Vice President of Cyber Underwriting ... Read the full article
Corvus expands cyber team in Frankfurt
23rd March 2023
Cyber specialist Corvus Insurance has announced that it has expanded its Frankfurt, Germany-based team by appointing cyber underwriters and a local head of cybersecurity services. The addition of these hires will provide support in meeting demand for Corvus’ Smart Cyber Insurance product that was recently launched in Germany and Austria iRead the full article
Corvus launches new cyber underwriting platform
2nd February 2023
Specialty insurance MGA, Corvus Insurance has launched Corvus Risk Navigator, an all-in-one cyber underwriting platform that arms underwriters with predictive data-driven insights. According to Corvus, its new platform will help underwriters to provide superior risk selection, accelerated decision-making, and IT security recommendations - capabilities that have resulted in Corvus achieving an ... Read the full article
FTT and ransomware are top drivers of cyber loss, Corvus finds
9th December 2022
New data from cyber specialist Corvus Insurance has found that fraudulent funds transfer (FFT) and ransomware are the top drivers of cyber loss in 2022, accounting for over 50% of all claims combined. FFT alone comprised 36% of all claims in Q3, Corvus’s Corvus Risk Insights Index shows, and continues to ... Read the full article
Corvus appoints Angela Singhal Whiteford as new Chief Marketing Officer
2nd December 2022
Specialty insurance MGA Corvus Insurance has appointed Angela Singhal Whiteford as its new Chief Marketing Officer. Whiteford holds more than twenty years of marketing and product management experience spanning several technology verticals, including telecommunications, identity management, and robotics. She also has a track record of driving category leadership and brand authority for ... Read the full article
Corvus hires Joe Duplock as manager of underwriting
28th November 2022
Cyber insurer Corvus Insurance has hired Joe Duplock to be its new manager of underwriting. Duplock made the announcement on LinkedIn, saying that he had begun working for the firm this month. He is based in London. Prior to moving to Corvus Insurance, Duplock spent nearly four years at AXA XL, ... Read the full article
Corvus Insurance announces cyber partnership with Travelers
3rd November 2022
Specialty insurance MGA, Corvus Insurance has announced it has entered into a multi-year partnership with The Travelers Companies, Inc., a provider of personal, business, and specialty insurance, to back its Smart Cyber Insurance offering. According to the announcement, the venture will provide cyber insurance products and services to companies in continental ... Read the full article
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
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