US-headquartered cyber specialty insurer Corvus Insurance coverage, which additionally has workplaces within the UK and Germany, has expanded its Frankfurt-based roster.
With out disclosing the variety of new staff, Corvus stated it employed underwriters with intensive expertise offering localised cyber options inside the European Union. Apart from cyber underwriters, a neighborhood head of cybersecurity providers was additionally added to the staff.
“We’re proud to welcome new, sturdy expertise to affix our rising staff, and leverage their intensive business experience, having come from trusted companies like Marsh, Victor, Chubb, and AIG to work with our dealer companions in Central Europe,” stated Corvus worldwide head Oliver Delvos.
“We look ahead to persevering with to forge relationships with extra of the area’s prime progressive brokerages that comply with our imaginative and prescient for a extra data-driven strategy to threat evaluation and underwriting than the European market has seen so far.”
Based on Corvus, it’s the first cyber insurer from the US to carry its providing to the German and Austrian markets. The managing basic agent’s European enlargement final yr got here to life by a multi-year partnership with Vacationers.
The MGA added: “Amid heightened geographic demand, Corvus plans to proceed constructing out its Central Europe operations with extra strategic hires in roles spanning claims, finance, and human sources.”
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