Corvus Insurance doubles underwriting offering
Travelers subsidiary Corvus Insurance has made a series of announcements aimed at expanding its underwriting appetite and cyber services for policyholders.
For its Smart Cyber Insurance product, which covers primary and excess policies, Corvus has:
- Doubled its limit offering to $10 million for aggregate covered losses.
- Raised the annual revenue to $5 billion for companies it will offer coverage.
In addition, Corvus has increased its underwriting appetite for businesses with less than $30 million in annual revenue, with a particular focus on the sub-$10 million segment.
The revised limits and revenue guidance are available across a broad set of business classes. All Corvus products are now written on Travelers Excess and Surplus Lines paper.
“Our ability to use data and the skill of our underwriting team to underwrite effectively across segments and sizes of business through varying market conditions sets us apart. Having transitioned to Travelers paper for our core Cyber and Tech E&O products earlier this year, we’re excited to increase the scope of businesses we can now write.” – Mike Karbassi, Chief Underwriting Officer at Corvus Insurance.
