In addition to opening up new markets, the branch in Europe will also offer a unique opportunity to decisively further develop existing technologies
BOSTON, July 27, 2022 – Corvus Insurance, the market-leading underwriter (MGA) ® and specialist provider of smart commercial insurance products based on AI-driven risk data, today announced the opening of a new continental European office in Frankfurt .
With the newest location, Corvus establishes its presence in continental Europe – a first for a US-based insurtech – and thus ensures greater flexibility in expanding its international footprint.
“Frankfurt is located in the largest insurance market on the continent and the city has always been an international business hub for all industries,” said Oliver Delvos, Head of International at Corvus Insurance. “We are now in a position to expand our operations and our business with to develop a real European focus.”
The Frankfurt branch will underwrite cyber insurance for both small and medium-sized enterprises (SMEs) and larger corporations. Coupled with product growth, Corvus aims to increase headcount by attracting new talent to the industry and the tech industry. This also includes job offers for working students to promote new talent and open up potential career opportunities for graduates.
“Cyber risk is global by nature, and expanding our operations into Europe opens up new opportunities for our team to serve even more policyholders and support our fundamental mission of making the world a safer place,” said Lori Bailey, Chief Insurance Corvus Insurance officer.
Corvus Insurance develops insurance products and digital tools that reduce risk, increase transparency and improve resilience for policyholders. Our market-leading specialty insurance products are enabled by advanced data science and include Smart Cyber Insurance®, Smart Tech E+O™ and Smart Cargo®. Our digital platforms and tools enable efficient bidding and retention, as well as proactive risk mitigation. Corvus Insurance offers insurance products in the United States, the Middle East, Europe, Canada and Australia. Current insurance program partners include AXIS Capital, Crum & Forster, Hudson Insurance Group, Lloyd’s of London, R&Q Accredited, SiriusPoint and Skyward Specialty Insurance. The brand names Corvus Insurance, Corvus London Markets and Corvus Germany refer to Corvus Insurance Agency, LLC, Corvus Agency Limited and Corvus Underwriting GmbH. All companies are subsidiaries of Corvus Insurance Holdings, Inc. Corvus Insurance was founded in 2017 and is headquartered in Boston, Massachusetts with offices in the US, UK and Germany. Visit corvusinsurance.com for more information.
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