Travelers to Acquire Corvus Insurance
The Travelers Companies, Inc. (NYSE: TRV) today announced that it has agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million.
Two innovative product launches, a corporate partnership, and ten new corvids joining the Flock made Q3 one to remember.
What a quarter. We've had so much news to share with you over the past three months, looking back it’s almost hard to believe the first Corvus Summit was this same quarter. Since then, we’ve launched two major new products, announced a new partnership, and hired a whole gaggle of new corvids. Did you miss anything along the way? Read on to see what the Flock has been up to.
If you’re one of our followers on LinkedIn and Twitter, you’ve probably noticed a lot of new corvids hopping into the nest. There have even been reports of an increase in the corvid population around the Bay Area - I guess the word got out that we’re starting a new Corvus Nest in San Francisco, with Hannah Hoeflinger as the first hire located there!
We’ve brought in new hires across almost every department and we’re still looking for more. Curious about joining the Flock? Learn more.
As the industry continues to grapple with concerns over “silent cyber”, we launched the first cyber-affirmative insurance policy for the ocean cargo industry, Smart Cargo+Cyber™. With this offering, each policy includes an affirmative Smart Cyber® endorsement and a Dynamic Loss Prevention Report®, outlining the policyholder’s cyber risk footprint.
Next, we launched our data-enabled Smart Tech E&O™ product, a Tech E&O policy that includes Smart Cyber Insurance coverage with blanket Contingent Business Interruption and system failure, as well as up to $2M in cybercrime and social engineering coverage.
In the meantime we developed Corvus Flight, an enterprise solution for our partner brokers that offers a customized version of our platform, the CrowBar, making wholesale and retail brokers alike more efficient. With short apps, instant quotes, and no-touch binding, Corvus Flight was built with brokers in mind. Learn more about how to get appointed here.
Baby American crows are born with blue eyes. As they mature over the summer months, the color changes to the familiar black we associate with these birds.
Are all insureds aware of their business interruption vulnerabilities? With ransomware on the rise, our Lead Data Scientist Chris Hedenberg addresses the need for breach calculators in today’s risk environment. Read the full blog here.
Your clients’ biggest cyber risk? Their people. Chris Hedendberg outlines five ways to defend against ‘people risk’. Read the full blog here.
Read the full article from Phil Edmundson in Carrier Management.
Corvus and eProvenance pulled the cork on a new partnership that brings the combined power of Smart Cargo+Cyber™ and eProvenance state-of-the-art monitoring services.
Corvus is on fire! Thank you to BostInno for naming us to the 50 on Fire, a list of 50 people and companies ‘heating’ up Boston.
Silent No More: Cyber claims made under traditional P&C policies that may be silent on the subject are forcing hidden cyber exposure into the spotlight -- read the full article here.