Acquisition enables Corvus to enter the admitted coverage marketplace and increase digital platform partnerships.
BOSTON (August 5, 2021) -- Corvus Insurance, the leading provider of smart commercial insurance products powered by AI-driven risk data, today announced that it has acquired Wingman Insurance. Wingman provides a tech platform for admitted Cyber and Tech E+O coverage in all 50 states and D.C. and will continue operating as an independent brand and offering.
“The addition of Wingman into the Corvus fold represents a key milestone in the growth of our company,” said Phil Edmundson, Founder & CEO of Corvus Insurance. “By expanding our footprint in the small and midsize business market and creating the ability to white label our solutions as we further explore multiple product lines, this addition creates new opportunities for Corvus as we launch an acquisition strategy and continue organic growth.”
To date, 2021 has been a year of noteworthy growth for Corvus, which uses data, machine learning, and artificial intelligence to inform brokers and mitigate cyber risk for policyholders. Earlier this year, the Boston-based company raised $115 million in a Series C funding round led by global venture capital and private equity firm Insight Partners and is on pace to double its employee headcount within the year.
“Corvus and Wingman share a like-minded philosophy around the need to create technology and software that empower brokers with intuitive tools that reduce administrative work and provide insight to better understand and inform their clients on complex risks,” said G. Philip Feldman, Founder & CEO of Wingman Insurance. “We’re excited to join the Corvus team as we together transform an industry through technology, data science, and simplicity while continuing our commitment and passion for personal service.”
For more information about Corvus, visit corvusinsurance.com.
View the original press release on BusinessWire.
Wingman Insurance was founded to make writing technology insurance faster, smarter and easier. By combining years of underwriting experience with expertly tailored insurance products and a user-friendly policy management system, Wingman has simplified and accelerated the process for brokers and customers alike. Wingman, founded by G. Philip Feldman who spent years running a traditional insurance agency, offers Wingman Cyber, a specialty insurance product for small and medium-sized businesses to protect against loss resulting from cyber attacks and data breaches. The Wingman brand is part of the SeQure Underwriters LLC family, based in Cambridge, Maryland. To learn more about Wingman Insurance or Wingman Cyber Insurance visit us at www.wingmancyber.com.
Coverage may not be available in all states and jurisdictions. This information is for descriptive purposes only and does not provide a complete summary of coverage. Consult applicable policy for specific terms, conditions, limits, limitations and exclusions to coverage.
Corvus Insurance, a wholly owned subsidiary of The Travelers Companies, Inc., is building a safer world through insurance products that help to reduce cyber risk for policyholders. Corvus Insurance's Smart Cyber Insurance® and Smart Tech E+O® products include broad coverage, in-house claims handling, and risk prevention services that help prevent cyberattacks through threat alerts for policyholders and the partnership of our in-house cybersecurity experts.
Corvus Insurance offers insurance products in the U.S., Middle East, Europe, Canada, and Australia. Corvus Insurance, Corvus London Markets, and Corvus Germany are the marketing names used to refer to Corvus Insurance Agency, LLC; Corvus Agency Limited; and Corvus Underwriting GmbH. All entities are subsidiaries of Corvus Insurance Holdings, Inc. For more information, visit corvusinsurance.com.
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Kerry Pillion
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