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, mergers and acquisitions (M&A), distribution, product, underwriting, risk, operations, and technology, Corvus said. He will report to CEO Madhu Tadikonda and join the executive leadership team.
Prior to SiriusPOint, Gangu was a partner and head of Americas P&C Insurance at Oliver Wyman, a Marsh McLennan company.
At Corvus Gangu will oversee sales, underwriting, actuarial, data science, claims, and risk capital functions.
“Corvus has demonstrated that you can achieve exceptional underwriting results by excelling in both parts of insurtech — traditional insurance expertise combined with cutting edge data and analytics — while protecting policyholders in an evolving risk landscape,” said Gangu. “I’m excited to be on board to build on the existing Corvus platform while helping policyholders, brokers, and (re)insurers face and mitigate the rapidly evolving threats and cyber risks to the core digital assets and online operations of today’s businesses.”
Axis Appoints Megan Watt as Chief Claims Officer
Axis Capital said Megan Watt has joined as chief claims officer, effective April 17. Watt will be based in New York and will report directly to Vince Tizzio, CEO specialty insurance and reinsurance, and future group CEO (effective May 4, 2023).
Watt will be responsible for the overall management and direction of the claims department across the company’s global portfolio. In addition, she will lead the evaluation, design, and implementation of claims policies and procedures.
She join Axis from Chubb, where she was the head of North America complex claims. Previously, she served as chief claims officer for Everest, and held claims leadership roles with increasing levels of responsibility at AIG.
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