Corvus Insurance, provider of commercial insurance products powered by AI-driven risk data, today announced that it has acquired Tarian Underwriting. Tarian is a cyber underwriting platform providing solutions to an ever-changing cyber risk environment and underwrites on behalf of a consortium of Lloyd’s syndicates.
Based in London, Tarian’s international footprint covers the UK, US, Middle East, Canada, and Australia. With this deal, Corvus has become the first Cyber InsurTech to acquire a London underwriting platform, instantly providing global underwriting capabilities and access to Lloyd’s cyber insurance capacity. Tarian will be rebranded as Corvus Underwriting Limited.
Phil Edmundson, Founder and CEO of Corvus Insurance says: "By bringing Tarian into the Corvus fold, we are expanding our international footprint into Europe, Africa and Australia with an experienced and proven team of underwriters.
“Tarian has expanded its capacity for 2022, which is a testament to its underwriting discipline and strategy. We are thrilled to continue this growth and to bring the entire Tarian team on board, as they share our mission to make the world a safer place.”
The team at Tarian has been creating tailored solutions for cyber and technology insurance risks since 2016. Capitalising on Tarian’s wide international footprint, Corvus is unlocking a new strategic opportunity for expansion and entering the international market to underwrite cyber insurance policies globally.
Geoff Pryor-White, CEO of Tarian says: “We founded Tarian as a group with extensive market experience that saw an opportunity to set up a customer-centric company that was focused on entrepreneurial and tailored solutions to improve the standard of cyber and technology insurance risk.
"Now as a part of Corvus, and with greater access to its data-driven insurance technologies, we can continue our founding mission and support our policyholders as one, dynamic team.
Corvus is coming off tremendous growth in 2021. Following its $115M Series C funding round in the spring, the business strategically appointed new c-suite executives and announced a new Risk Aggregation PlatformSM to address systemic cyber risk aggregations.