Corvus Insurance acquires cyber underwriting firm Tarian Underwriting
Corvus Insurance, a Boston-based provider of smart commercial insurance products, has acquired Tarian Underwriting, a Lloyd’s coverholder, from Beat Capital Partners for an undisclosed price.
Based in London, Tarian Underwriting is a cyber underwriting platform, which underwrites on behalf of a group of Lloyd’s syndicates. The company offers solutions to address the ever-changing cyber risk environment.
Tarian Underwriting has a footprint in the UK, US, Canada, the Middle East, and Australia. The company will be rebranded as Corvus Underwriting.
Phil Edmundson — Founder and CEO of Corvus Insurance said: “Corvus is now the world’s leading Cyber InsurTech. 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.”
Since 2016, Tarian Underwriting’s team is said to have been creating customized solutions for cyber and technology insurance risks.
Corvus Insurance plans to leverage Tarian Underwriting’s international footprint to unlock a new strategic opportunity for growth and foraying into new markets to underwrite cyber insurance policies.
Geoff Pryor-White — CEO of Tarian Underwriting said: “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.”