Corvus Insurance News

RB Jones Acquires ‘Smart’ Ocean Cargo Business From Corvus

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 …

Tadikonda Replaces Edmundson as CEO of Cyber MGA Corvus

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 …

Corvus Insurance Opens Frankfurt Office

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 …

4 Things Small Businesses Can Do to Protect Against Cyberattacks

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 …

People Moves: AEGIS London Names Powell CEO, as Croom-Johnson Retires; Corvus Hires Zurich’s Delvos as 1st Head of Int’l; HDI’s Jackson to Lead Aviation at Apollo

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 …

Cyber Insurtech Corvus Buys Lloyd’s Coverholder Tarian Underwriting Ltd.

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. …

Volatile Cyber Market Struggles to Boost Reinsurance Capacity

The cyber insurance market could benefit greatly from more reinsurance cover but it has been a challenge to attract interest. Part of the reason is because the cyber market is a relatively new one compared to others in the property …

For Now, No Need for Federal Cyber Reinsurance Backstop: Experts

Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market, a panel of experts said recently. “I don’t think a compelling case has been made yet for an explicit government …

MGA Insurtech Corvus Acquires Cyber-Focused Wingman Insurance

Managing general agent Corvus Insurance, fresh off of raising $115 million in new venture financing, has made an acquisition with an eye on the admitted coverage marketplace and more digital platform partnerships. More acquisitions appear likely. The Boston-based insurtech focused …

People Moves: Corvus Hires from Zurich, IFG; Cover Genius Grabs Munich’s Brune; Kin Names 6 Execs; Snapsheet Promotes Cohen

Corvus Adds Chief Insurance Officer and General Counsel Data science and artificial intelligence-driven commercial insurance provider Corvus Insurance announced the appointment of Lori Bailey as chief insurance officer and Kori Johanson as general counsel. Bailey and Johanson each brings more …