Corvus Insurance Enters Continental European Market Through Multi-Year Cyber Insurance Partnership with Travelers
Collaboration will offer local brokers and policyholders coverage for enterprises with up to EUR 1 billion in revenue.
BOSTON (November 3, 2022) — Corvus Insurance, the market-leading specialty insurance MGA offering Smart Commercial InsuranceTM products powered by AI-driven risk data, today announced it has partnered with The Travelers Companies, Inc., an industry leader in personal, business, and specialty insurance, to back its Smart Cyber InsuranceTM offering.
What partnering with the Travelers Companies, Inc. means for Corvus Insurance
The venture will provide cyber insurance products and services to companies in continental Europe and follows the recent opening of the company’s Frankfurt office, overseen by Oliver Delvos, Head of International at Corvus. Subject to regulatory approval, the European expansion of the Corvus Smart Cyber InsuranceTM offering will initially be geared toward small- and medium-size enterprises and middle-market businesses with annual revenues up to EUR 1 billion.
“Corvus is uniquely positioned in today’s European market,” said Madhu Tadikonda, CEO of Corvus Insurance. “We’re thrilled to partner with Travelers to bring our transparent, data-driven, and expert approach to underwriting and risk mitigation to a new audience of brokers and policyholders.”
This robust new offering will focus primarily on Germany and Austria, providing brokers and policyholders with localized and unmatched cyber insurance tools, along with the combined cyber underwriting expertise of both Corvus and Travelers. As part of its long-term growth strategy in Europe, Corvus will continue to expand its international business, opening additional offices across the continent.
View the original press release on BusinessWire.
About Corvus Insurance
Corvus Insurance, a wholly owned subsidiary of The Travelers Companies, Inc., is building a safer world through insurance products that help to reduce cyber risk for policyholders. Corvus Insurance’s Smart Cyber Insurance® and Smart Tech E&O® products include broad coverage, in-house claims handling, and risk prevention services that help prevent cyberattacks through threat alerts for policyholders and the partnership of our in-house cybersecurity experts.
Corvus Insurance offers insurance products in the U.S., Middle East, Europe, Canada, and Australia. Corvus Insurance is the marketing name used to refer to Corvus Insurance Agency, LLC; and Corvus Agency Limited. All entities are subsidiaries of Corvus Insurance Holdings, LLC. For more information, visit corvusinsurance.com.
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