Breaking News
Travelers Completes Acquisition of Corvus Insurance
The Travelers Companies, Inc. (NYSE: TRV) today completed its previously announced acquisition of Corvus Insurance Holdings, Inc., an industry-leading cyber insurance managing general underwriter that is powered by proprietary technology.
“We have forged a strong strategic partnership with the talented team at Corvus over the past year, and we are pleased to officially welcome them to the Travelers family,” said Alan Schnitzer, Chairman and Chief Executive Officer of Travelers. “With a proven platform and deep cyber underwriting and risk management expertise, Corvus brings to Travelers important cyber capabilities.”
Corvus has developed an industry-leading suite of integrated cyber sales, underwriting, service and support capabilities. Through its platform, Corvus effectively identifies vulnerabilities throughout the policy period to reduce customers’ exposure to cyber events. Corvus’ platform also delivers distribution efficiencies to insurance agents and brokers.
Travelers funded the acquisition through internal resources.
People In This Post
- Corgi Raises $160M Series B at $1.3B Valuation Read more
- Standard Casualty Brings Agentic AI to Rate Filings with ZestyAI’s ZORRO Discover™ Read more
- Coalition and Allianz Commercial Expand Strategic Global Cyber Insurance Partnership Read more
- Markel Insurance Appoints Raphael Da Costa to Lead U.S. Cyber and Tech E&O Portfolio Read more
- Laka Acquires VeloLife’s Bike Insurance Business, Marking Its Fourth Acquisition as M&A Strategy Accelerates Read more
Corgi Raises $160M Series B at $1.3B Valuation
Corgi announced it has raised $160 million in Series B funding at a $1.3 billion valuation, advancing its mission to build the first AI-native, full-stack insurance platform for startups
Standard Casualty Brings Agentic AI to Rate Filings with ZestyAI’s ZORRO Discover™
ZestyAI, the Risk and Decision Intelligence Platform for the insurance industry, today announced that Standard Casualty Company, a specialized property insurer serving manufactured homeowners, is expanding its partnership by adopting ZORRO Discover™, bringing agentic AI to regulatory and competitive intelligence.
Coalition and Allianz Commercial Expand Strategic Global Cyber Insurance Partnership
Allianz will transition its commercial cyber insurance business to Coalition, establishing Coalition as Allianz’s exclusive global partner
Markel Insurance Appoints Raphael Da Costa to Lead U.S. Cyber and Tech E&O Portfolio
Markel announced today the appointment of Raphael Da Costa to lead its U.S. cyber and tech E&O portfolio.
Laka Acquires VeloLife’s Bike Insurance Business, Marking Its Fourth Acquisition as M&A Strategy Accelerates
Laka announces the acquisition of assets from VeloLife, the specialist cycle insurance provider
Verisk Brings Its Trusted Analytics and Generative AI Capabilities Directly into Anthropic’s Claude
Verisk announced its trusted insurance analytics are now available in Claude, Anthropic’s family of AI models
Soter Insure Receives Full License Approval from the Dubai Financial Services Authority
Soter Insure has received full authorization from the DFSA as a Category 4 license for insurance intermediation
Corgi Raises $160M Series B at $1.3B Valuation
Corgi announced it has raised $160 million in Series B funding at a $1.3 billion valuation, advancing its mission to build the first AI-native, full-stack insurance platform for startups
Standard Casualty Brings Agentic AI to Rate Filings with ZestyAI’s ZORRO Discover™
ZestyAI, the Risk and Decision Intelligence Platform for the insurance industry, today announced that Standard Casualty Company, a specialized property insurer serving manufactured homeowners, is expanding its partnership by adopting ZORRO Discover™, bringing agentic AI to regulatory and competitive intelligence.
Coalition and Allianz Commercial Expand Strategic Global Cyber Insurance Partnership
Allianz will transition its commercial cyber insurance business to Coalition, establishing Coalition as Allianz’s exclusive global partner
Markel Insurance Appoints Raphael Da Costa to Lead U.S. Cyber and Tech E&O Portfolio
Markel announced today the appointment of Raphael Da Costa to lead its U.S. cyber and tech E&O portfolio.
Laka Acquires VeloLife’s Bike Insurance Business, Marking Its Fourth Acquisition as M&A Strategy Accelerates
Laka announces the acquisition of assets from VeloLife, the specialist cycle insurance provider
Verisk Brings Its Trusted Analytics and Generative AI Capabilities Directly into Anthropic’s Claude
Verisk announced its trusted insurance analytics are now available in Claude, Anthropic’s family of AI models
Soter Insure Receives Full License Approval from the Dubai Financial Services Authority
Soter Insure has received full authorization from the DFSA as a Category 4 license for insurance intermediation