Corvus, Skyward Specialty to Offer Cyber Coverage for Cargo Risks April 16, 2021
Corvus Insurance, a provider of commercial insurance products powered by AI-driven risk data, and Skyward Specialty Insurance Group, a specialty property and casualty market, have partnered partnership to expand Corvus’ Smart Cargo + Cyber offering. The announcement comes after Corvus’s $100 million Series C fundraising round which brought the company to a $750 million valuation.
Corvus Smart Cargo + Cyber insurance is a data-driven ocean cargo policy with a cargo cyber liability endorsement designed to cover risks (such as business interruption) that occur when a cyber-attack halts or diverts goods in transit. The Skyward Specialty/Corvus partnership expands Corvus’ to new industries and allows it to analyze larger risks with Skyward Specialty’s underwriting, risk analytics and technology.
Insurtech Root Hit With Shareholder Lawsuit Alleging Negligence, Omissions in IPO Filing
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$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley March 12, 2021
Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial lines and cyber insurance products as well as advances in texting communications, producer management and licensing compliance, and digital risk management for financial institutions.
Here’s a wrap-up of some recent major funding commitments as reported by Carrier Management.
Major Haul
Corvus Insurance is prepping a major expansion and surge in its commercial lines and cyber product development now that it has secured $100 million in new venture capital financing.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Corvus Raises $100M in Series C Financing to Further Advance Its Mission of Transforming Commercial Insurance
March 10, 2021 GMT
Left: Mike Lloyd, Co-Founder, Chief Product Officer. Right: Phil Edmundson, Founder, Chief Executive Officer. (Photo: Business Wire)
Left: Mike Lloyd, Co-Founder, Chief Product Officer. Right: Phil Edmundson, Founder, Chief Executive Officer. (Photo: Business Wire)
BOSTON (BUSINESS WIRE) Mar 10, 2021
Corvus Insurance, the leading provider of smart commercial insurance products powered by AI-driven risk data, today announced it has secured $100 million in Series C funding in a round led by global venture capital and private equity firm Insight Partners, and including all of its previous institutional investors, increasing Corvus’s valuation to $750 million. This latest investment, following last year’s $33 million Series B round, brings Corvus’s total a
17-02-2015
Lloyd s investment vehicle Helios has secured the backing of ILS Capital Management and Hudson Structured Capital Management to help fund an acceleration in its limited liability vehicles (LLV) acquisition strategy over the next 12 months.
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