The Travelers Cos. completed its previously announced acquisition of Corvus Insurance Holdings Inc., a cyber insurance managing general underwriter. The $435 million acquisition was first announced in November 2023, which Travelers said would boost its middle-market excess and surplus lines …
The Travelers Companies today said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings, Inc. for about $435 million for its middle-market excess and surplus lines presence. “This transaction accelerates our access to cutting-edge cyber capabilities that …
Prashanth Gangu has been named president of cyber insurtech Corvus Insurance. Most recently president of the insurance and services division and chief operating officer of SiriusPoint, Gangu has more than 20 years of experience in the insurance industry across strategy, …
According to new data from Corvus Insurance, fraudulent funds transfer (FFT) continues to generate substantial losses for organizations. FFT comprised 36% of of the company’s cyber claims – an all-time high – during the third quarter of 2022. This metric …
Specialty risk broker RB Jones announced its marine and energy division has acquired the Smart Cargo Insurance business from Boston-based managing general agent Corvus Insurance. The Corvus ocean cargo product offers an insurtech product for temperature-sensitive cargo such as food …
Boston-based insurtech Corvus Insurance said Madhu Tadikonda will take over immediately as CEO, replacing founding CEO Phil Edmundson. Edmundson will assume the new role of executive chair and chair of the board of Corvus. In this full-time role, Edmundson will …
In what Corvus said is a first for a U.S.-based insurtech, the managing general agent has opened an office in continental Europe. This Boston-based company’s new office will be in Frankfurt, Germany. “Frankfurt is located within the largest insurance market …
Since the beginning of the COVID-19 pandemic, small businesses have quickly adopted remote working and transitioned to new technologies, such as contactless payments and online ordering. Unfortunately, these adjustments have come with increased risks. According to a 2022 report from …
This edition of International People Moves details appointments at AEGIS London, Corvus Insurance and AEGIS London Names Powell as CEO, as Croom-Johnson Retires AEGIS London, the Lloyd’s syndicate and subsidiary of AEGIS (Associated Electric & Gas Insurance Services Ltd.), announced …
Corvus Insurance, the Boston-based, cyber-focused managing general agent, announced it has acquired Tarian Underwriting Ltd. from Beat Capital Partners Ltd. Tarian operates a cyber underwriting platform that provides cyber solutions and underwrites on behalf of a consortium of Lloyd’s syndicates. …
