Corvus Insurance, a specialty insurance MGA offering Smart Commercial Insurance products powered by AI-driven risk data, has expanded its partnership with global specialty insurer and reinsurer SiriusPoint and R&Q Accredited, a programme management solution provider.
Corvus’s vision is a safe world built through insurance products and digital tools that reduce risk, increase transparency and improve resilience for policyholders and programme partners.
The enhanced partnership will see R&Q Accredited continue as the fronting insurer and follows an investment and multi-year underwriting capacity partnership announced in September 2021.
The latest multi-year investment from SiriusPoint and R&Q Accredited adds an additional $100m to the programme. Corvus said this will allow it to build upon its Smart Cyber Insurance offerings.
Patrick Charles, global head of property & casualty, insurance & services at SiriusPoint, said, “We are delighted to expand SiriusPoint’s multi-year agreement with Corvus and to enhance our partnership to support the company’s ongoing growth.
“We have continued to be impressed with Corvus’s agility in responding to the evolving cyber risks its clients face, and the innovative and disciplined approach it applies to risk mitigation. We are excited about the next phase of the company’s development.”
Earlier this year, Corvus extended its Series C round by $15m, bringing the round’s total to $115m.
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