Corvus enhances link with SiriusPoint and R&Q Accredited
Corvus Insurance has announced an expanded strategic partnership with SiriusPoint and R&Q Accredited.
The enhanced programme, with R&Q Accredited continuing as the fronting insurer, follows an initial investment and multi-year underwriting capacity partnership announced in September 2021. The latest multi-year investment from SiriusPoint and R&Q Accredited adds an additional $100 million to the programme and will allow Corvus to build upon its Smart Cyber Insurance offerings.
“Our expanded partnership with SiriusPoint and R&Q Accredited will help Corvus reach new heights,” said Phil Edmundson, founder and chief executive officer of Corvus Insurance. “Our digital platform, the CrowBar, and the data and AI tools used by Corvus are producing superior loss ratios for our partners. Together we are building a win-win-win for our brokers, policyholders, and risk capital partners.”
In addition to its wider global reach, Corvus said it will continue to leverage its underwriting capabilities and disciplined approach to taking on risk.
Patrick Charles, global head of property & casualty, insurance & services at SiriusPoint, said: “We have continued to be impressed with Corvus’s agility in responding to the evolving cyber risks its clients face, and the innovative and disciplined approach it applies to risk mitigation.”
Dawn Puro, chief underwriting officer of casualty of R&Q Accredited America, added: “We are excited to build on our partnership with Corvus. Their data- and tech-driven approach to cyber liability has already helped drive strong growth, and we are delighted to strengthen our partnership as Phil and his team continue to evolve and expand the Corvus offering."
