Corvus Insurance has opened a new office in Chicago, marking its sixth office location, to be led by newly appointed Amanda Stantzos.
In conjunction with the new office, Corvus has hired Peter Hedberg and Amanda Stantzos as vice presidents of cyber underwriting.
These hires are part of the InsurTech’s hefty staff growth and geographic expansion plans for 2019. The company now has offices covering the major regions of the US, it said, with offices now in Boston, Atlanta, Dallas, Los Angeles, New York City, and Chicago.
Earlier in the year, the startup opened its Atlanta office and named Joel Fehrman as its vice president of cyber underwriting.
Stantzos, who is heading the new Chicago office, has joined Corvus from NAS Insurance Services, where she served as the assistant vice president of underwriting. In her new role, she will lead the new office and work with brokers in the midwestern US.
Prior to Corvus, Hedberg was the vice president, East Coast technology at NAS Insurance Services. In the new position, he will lead the cyber underwriting at Corvus’s New York office.
Corvus is an InsurTech MGA which offers smart commercial insurance policies and technology. Its tools use new forms of data to predict and prevent claims and add value for the policyholder, broker and underwriter.
The smart cyber and smart cargo policies gather and analyses a range of datasets through AI technology to correctly assess the risk for an underwriter. Its dynamic loss prevention report offer actionable recommendations to mitigate risk and prevent claims over time, including threat monitoring.
Corvus CEO and founder Phil Edmundson said, “When it comes to complex risk environments like Cyber, we know how much it means to brokers to work with underwriters with strong category experience; Peter Hedberg and Amanda Stantzos are trusted names in Cyber Insurance.
“We are excited to be expanding our team with two stellar underwriters who will help us empower commercial brokers across the Midwest and Northeast.”
The InsurTech closed its Series A round on $10m earlier in the year, receiving backing from firms including .406 Ventures, and Hudson Structured. The capital was raised to support the launch of additional insurance products.