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 Insurance^™ 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 Insurance^™ 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 Insurance^™ 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.