{"id":538775,"date":"2021-09-15T15:03:08","date_gmt":"2021-09-15T19:03:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/corvus-insurance-siriuspoint-announce-strategic-investment-and-multi-year-underwriting-capacity-partnership\/"},"modified":"2021-09-15T15:03:08","modified_gmt":"2021-09-15T19:03:08","slug":"corvus-insurance-siriuspoint-announce-strategic-investment-and-multi-year-underwriting-capacity-partnership","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/corvus-insurance-siriuspoint-announce-strategic-investment-and-multi-year-underwriting-capacity-partnership\/","title":{"rendered":"Corvus Insurance &amp; SiriusPoint Announce Strategic Investment and Multi-Year Underwriting Capacity Partnership"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Corvus Insurance &amp; SiriusPoint Announce Strategic Investment and Multi-Year Underwriting Capacity Partnership<\/b><\/p>\n<p class=\"bwalignc\"><i>An initial program, with fronting by R&amp;Q Accredited, provides cyber insurance<\/i><\/p>\n<p>BOSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.corvusinsurance.com%2F&amp;esheet=52492516&amp;newsitemid=20210915005980&amp;lan=en-US&amp;anchor=Corvus+Insurance&amp;index=1&amp;md5=108b6df00f219b031f623a0361a244cc\">Corvus Insurance<\/a>, the leading provider of smart commercial insurance products powered by AI-driven risk data, and SiriusPoint Ltd. (\u201cSiriusPoint\u201d) (NYSE: SPNT), the global specialty insurer and reinsurer, today announced a strategic investment and multi-year underwriting capacity partnership that will support existing and future commercial insurance product offerings. The partnership\u2019s first program, with leading program management solution provider R&amp;Q\u2019s Accredited acting as the fronting insurer, focuses on Corvus\u2019s Smart Cyber Insurance<sup>\u00ae<\/sup> product and builds on the company\u2019s existing cyber operations.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210915005980\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210915005980\/en\/<\/a><\/p>\n<p>\nThis new program enables Corvus to take on primary and excess cyber liability risks for businesses earning up to $1B in gross annual revenue, with limits up to $5M. All incoming claims will be fully managed end-to-end by the Corvus in-house Claims team. Current and previous Smart Cyber Insurance<sup>\u00ae<\/sup> programs remain intact and separate from this new undertaking.\n<\/p>\n<p>\n\u201cCorvus is focused on making the world a safer place, and this new partnership with SiriusPoint and R&amp;Q\u2019s Accredited will play an integral role in extending our mission,\u201d said Phil Edmundson, founder and CEO of Corvus Insurance. \u201cWe are excited to expand our capabilities in providing world-class smart commercial insurance products to a new generation of brokers and policyholders, and we thank our new partners for making this possible.\u201d\n<\/p>\n<p>\nWith their multi-year underwriting capacity arrangement and SiriusPoint\u2019s investment in Corvus, the companies aim to expand upon the successful track record of Corvus\u2019s Smart Cyber Insurance<sup>\u00ae<\/sup> product, as well as to pursue new, differentiated commercial insurance products.\n<\/p>\n<p>\n&#8220;We are delighted to announce our strategic partnership with Corvus. Cyber is a critical product to businesses as operations and assets are digitized at ever increasing speed, and it is essential that as insurers, we are responding to our client&#8217;s needs,\u201d said Prashanth Gangu, COO and President, Insurance and Services, SiriusPoint. \u201cSiriusPoint studied the market extensively and decided on a deep partnership and multi-year underwriting capacity arrangement with Corvus. We were impressed by the company&#8217;s underwriting performance and their innovative, analytical approaches to risk selection and loss mitigation. Corvus is aligned with SiriusPoint&#8217;s focus on agility, effective use of data, and close collaboration with brokers and policyholders &#8212; all critical in a market where risk vectors are constantly changing. We are excited about the future Corvus roadmap in terms of talent, technology, and expansion.\u201d\n<\/p>\n<p>\n\u201cCorvus&#8217;s data- and tech-driven approach to cyber liability has been proven to meet the challenge of underwriting cyber risk and we are delighted to partner with them, alongside SiriusPoint, to enable further expansion of their leading offering,&#8221; said Dawn H. Puro, Chief Underwriting Officer, Casualty of R&amp;Q Accredited America.\n<\/p>\n<p>\nFor more information on the Corvus Smart Cyber Insurance<sup>\u00ae<\/sup> policies, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.corvusinsurance.com&amp;esheet=52492516&amp;newsitemid=20210915005980&amp;lan=en-US&amp;anchor=www.corvusinsurance.com&amp;index=2&amp;md5=74d0fe59b5e59004c740d23b859fa661\">www.corvusinsurance.com<\/a>.\n<\/p>\n<p><b>About Corvus<\/b><\/p>\n<p>\nCorvus Insurance is the leading provider of commercial insurance products built on advanced data science, with an AI-driven approach to empowering brokers and policyholders to better predict and prevent loss. With each Smart Commercial Insurance<sup>\u00ae<\/sup> policy, Corvus supplies proprietary Dynamic Loss Prevention<sup>\u00ae<\/sup> reports to inform policyholders of critical cyber risk areas and provide actionable security recommendations. Founded in 2017 by a team of veteran entrepreneurs from the insurance and technology industries, Corvus is backed by Insight Partners, Bain Capital Ventures, .406 Ventures, Hudson Structured Capital Management, Aquiline Technology Growth, FinTLV, Telstra Ventures, Obvious Ventures, and MTech Capital. The company is headquartered in Boston, Massachusetts, and has offices across the U.S.\n<\/p>\n<p><b>About SiriusPoint<\/b><\/p>\n<p>\nSiriusPoint Ltd. (SiriusPoint) is a global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries. Bermuda-headquartered with offices around the world, we are listed on the New York Stock Exchange (SPNT). We write a global portfolio of Accident and Health, Specialty, Property and Runoff, combining data and creative thinking to underwrite risks with skill and discipline. With over $3 billion total capital, SiriusPoint&#8217;s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&amp;P and Fitch. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.siriuspt.com&amp;esheet=52492516&amp;newsitemid=20210915005980&amp;lan=en-US&amp;anchor=www.siriuspt.com&amp;index=3&amp;md5=881fbaa5ea2c4c3a733ac849c8be01bd\">www.siriuspt.com<\/a>.\n<\/p>\n<p><b>About R&amp;Q <\/b><\/p>\n<p>\nR&amp;Q is a non-life global specialty insurance company operating two core, highly complementary, businesses: Program Management and Legacy Insurance. Both these businesses are leaders in markets with high barriers to entry and significant growth opportunities.\n<\/p>\n<p>\nAccredited is R&amp;Q\u2019s leading program manager operating across the US and Europe. It is the only dedicated program partner to provide A- rated insurance capacity in each of the US, UK and Europe, including licenses to write admitted business in all 50 US states. Accredited has over 68 active programs representing $1.8 billion of contracted premium. Accredited is a wholly owned subsidiary of Randall &amp; Quilter Investment Holdings Ltd. (\u201cR&amp;Q\u201d)\n<\/p>\n<p><b>SiriusPoint Forward-Looking Statements <\/b><\/p>\n<p>\nWe make statements in this report that are forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. Federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements made on behalf of SiriusPoint. These risks and uncertainties include the impact of general economic conditions and conditions affecting the insurance and reinsurance industry, the adequacy of our reserves, fluctuation in the results of operations; pandemic or other catastrophic event, such as the ongoing COVID-19 outbreak; the costs, expense and difficulties of the integration of the operations of Third Point Reinsurance Ltd. and Sirius International Insurance Group, Ltd.; our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market and investment income fluctuations, trends in insured and paid losses, regulatory and legal uncertainties and other risk factors described in SiriusPoint\u2019s Quarterly Reports on Form 10-Q for the periods ended March 31, 2021 and June 30, 2021. Except as required by applicable law or regulation, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other circumstances after the date of this report.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210915005980r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210915005980\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210915005980\/en\/<\/a><\/span><\/p>\n<p><b>Media<br \/>\n<\/b><br \/>Lisa van der Pool, Inkhouse for Corvus<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:corvus@inkhouse.com\">corvus@inkhouse.com<\/a><\/p>\n<p>\nStephen Tarleton, Chief Marketing Officer, Corvus<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:starleton@corvusinsurance.com\">starleton@corvusinsurance.com<\/a><\/p>\n<p>\nClare Kerrigan, Investor Relations, SiriusPoint<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:clare.kerrigan@siriuspt.com\">clare.kerrigan@siriuspt.com<br \/>\n<\/a><br \/>+44 7970695959\n<\/p>\n<p>\nSarah Hills, Rein4ce for SiriusPoint<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:sarah.hills@rein4ce.co.uk\">sarah.hills@rein4ce.co.uk<br \/>\n<\/a><br \/>+44 7718882011\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Security Data Management Professional Services Technology Insurance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210915005980\/en\/906634\/3\/Corvus_logo_1_%281%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210915005980\/en\/906635\/3\/SIRIUS_AQUA_GRAPHIC_logo_RGB_AW_%281%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Corvus Insurance &amp; SiriusPoint Announce Strategic Investment and Multi-Year Underwriting Capacity Partnership An initial program, with fronting by R&amp;Q Accredited, provides cyber insurance BOSTON&#8211;(BUSINESS WIRE)&#8211;Corvus Insurance, the leading provider of smart commercial insurance products powered by AI-driven risk data, and SiriusPoint Ltd. (\u201cSiriusPoint\u201d) (NYSE: SPNT), the global specialty insurer and reinsurer, today announced a strategic investment and multi-year underwriting capacity partnership that will support existing and future commercial insurance product offerings. The partnership\u2019s first program, with leading program management solution provider R&amp;Q\u2019s Accredited acting as the fronting insurer, focuses on Corvus\u2019s Smart Cyber Insurance\u00ae product and builds on the company\u2019s existing cyber operations. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210915005980\/en\/ This new program enables Corvus to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corvus-insurance-siriuspoint-announce-strategic-investment-and-multi-year-underwriting-capacity-partnership\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Corvus Insurance &amp; SiriusPoint Announce Strategic Investment and Multi-Year Underwriting Capacity Partnership&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-538775","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Corvus Insurance &amp; SiriusPoint Announce Strategic Investment and Multi-Year Underwriting Capacity Partnership - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corvus-insurance-siriuspoint-announce-strategic-investment-and-multi-year-underwriting-capacity-partnership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corvus Insurance &amp; SiriusPoint Announce Strategic Investment and Multi-Year Underwriting Capacity Partnership - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Corvus Insurance &amp; SiriusPoint Announce Strategic Investment and Multi-Year Underwriting Capacity Partnership An initial program, with fronting by R&amp;Q Accredited, provides cyber insurance BOSTON&#8211;(BUSINESS WIRE)&#8211;Corvus Insurance, the leading provider of smart commercial insurance products powered by AI-driven risk data, and SiriusPoint Ltd. (\u201cSiriusPoint\u201d) (NYSE: SPNT), the global specialty insurer and reinsurer, today announced a strategic investment and multi-year underwriting capacity partnership that will support existing and future commercial insurance product offerings. The partnership\u2019s first program, with leading program management solution provider R&amp;Q\u2019s Accredited acting as the fronting insurer, focuses on Corvus\u2019s Smart Cyber Insurance\u00ae product and builds on the company\u2019s existing cyber operations. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210915005980\/en\/ This new program enables Corvus to &hellip; Continue reading &quot;Corvus Insurance &amp; SiriusPoint Announce Strategic Investment and Multi-Year Underwriting Capacity Partnership&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/corvus-insurance-siriuspoint-announce-strategic-investment-and-multi-year-underwriting-capacity-partnership\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-15T19:03:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210915005980r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/corvus-insurance-siriuspoint-announce-strategic-investment-and-multi-year-underwriting-capacity-partnership\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/corvus-insurance-siriuspoint-announce-strategic-investment-and-multi-year-underwriting-capacity-partnership\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Corvus Insurance &amp; 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SiriusPoint Announce Strategic Investment and Multi-Year Underwriting Capacity Partnership - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/corvus-insurance-siriuspoint-announce-strategic-investment-and-multi-year-underwriting-capacity-partnership\/","og_locale":"en_US","og_type":"article","og_title":"Corvus Insurance &amp; SiriusPoint Announce Strategic Investment and Multi-Year Underwriting Capacity Partnership - Market Newsdesk","og_description":"Corvus Insurance &amp; SiriusPoint Announce Strategic Investment and Multi-Year Underwriting Capacity Partnership An initial program, with fronting by R&amp;Q Accredited, provides cyber insurance BOSTON&#8211;(BUSINESS WIRE)&#8211;Corvus Insurance, the leading provider of smart commercial insurance products powered by AI-driven risk data, and SiriusPoint Ltd. (\u201cSiriusPoint\u201d) (NYSE: SPNT), the global specialty insurer and reinsurer, today announced a strategic investment and multi-year underwriting capacity partnership that will support existing and future commercial insurance product offerings. The partnership\u2019s first program, with leading program management solution provider R&amp;Q\u2019s Accredited acting as the fronting insurer, focuses on Corvus\u2019s Smart Cyber Insurance\u00ae product and builds on the company\u2019s existing cyber operations. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210915005980\/en\/ This new program enables Corvus to &hellip; Continue reading \"Corvus Insurance &amp; SiriusPoint Announce Strategic Investment and Multi-Year Underwriting Capacity Partnership\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/corvus-insurance-siriuspoint-announce-strategic-investment-and-multi-year-underwriting-capacity-partnership\/","og_site_name":"Market Newsdesk","article_published_time":"2021-09-15T19:03:08+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210915005980r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/corvus-insurance-siriuspoint-announce-strategic-investment-and-multi-year-underwriting-capacity-partnership\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/corvus-insurance-siriuspoint-announce-strategic-investment-and-multi-year-underwriting-capacity-partnership\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Corvus Insurance &amp; 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