Corvus Insurance Enters Continental European Market Through Multi-Year Cyber ​​Insurance Partnership with Travelers

BOSTON–(BUSINESS WIRE)–November 3, 2022–

Corvus Insurancea market-leading specialty insurance MGA offering Smart Commercial Insurance™ products powered by AI-driven risk data, today announced Travelers Companies Inc.an industry leader in personal, business, and specialty insurance, helps deliver Smart Cyber ​​Insurance ™.

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The joint venture, which provides cyber insurance products and services to companies in continental Europe, follows the recent opening of Corvus’ Frankfurt office overseen by Oliver Delvos, Head of International Division at Corvus. Subject to regulatory approval, the expansion of Corvus’ Smart Cyber ​​Insurance™ service in Europe will initially target small and medium-sized businesses with up to €1 billion in annual revenue.

Madhu Tadikonda, CEO of Corvus Insurance said: We are pleased to partner with Travelers to bring a transparent, data-driven, expert approach to underwriting and risk mitigation to a new audience of brokers and policyholders. “

Focused primarily on Germany and Austria, this powerful new offering offers brokers and policyholders unmatched localized cyber insurance tools combined with the cyber underwriting expertise of both Corvus and Travelers. increase. As part of its long-term growth strategy in Europe, Corvus continues to expand its international operations and open additional offices across the continent.

About Corvus

Corvus Insurance is building a safer world through insurance products and digital tools that reduce risk, increase transparency and improve the resilience of policyholders and program partners. Our market-leading specialty insurance products are powered by advanced data science and include Smart Cyber ​​Insurance ® and Smart Tech E+O™. Our digital platform and tools enable efficient quoting and binding, and proactive risk mitigation. Corvus Insurance offers insurance products in the United States, Middle East, Europe, Canada and Australia. Current insurance program partners include AXIS Capital, Crum & Forster, Hudson Insurance Group, Lloyd’s of London, R&Q Accredited and select insurers from SiriusPoint. Corvus Insurance, Corvus London Markets, and Corvus Germany are marketing names used to refer to Corvus Insurance Agency, LLC. Corvus Agency Limited; and Corvus Underwriting GmbH. All entities are subsidiaries of Corvus Insurance Holdings, Inc. Founded in 2017, Corvus Insurance is headquartered in Boston, Massachusetts, with offices in the US, UK, and Germany. For more information, see: corvusinsurance.com.

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Contact: Inkhouse PR, Jen Weber

corvus@inkhouse.com

Keywords: Europe USA North America Massachusetts

Industry Keywords: Insurance Professional Services

Source: Corvus Insurance

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PUB: November 3, 2022 09:00 AM/DISC: November 3, 2022 09:03 AM

Copyright Business Wire 2022.

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