Corvus Insurance announced it has doubled the aggregate limits available under its Smart Cyber product to $10 million, as well as expanded its appetite for potential insureds to companies with up to $5 billion in annual revenue.
In addition, Corvus has also broadened its appetite for businesses with less than $30 million in annual revenue, with a focus on firms under $10 million.
Corvus, a managing general agent (MGA) was acquired by Travelers in 2023 and has now completed its transition to writing all products on its parent company’s excess and surplus (E&S) paper.
“Our ability to use data and the skill of our underwriting team to underwrite effectively across segments and sizes of business through varying market conditions sets us apart,” said Mike Karbassi, Corvus chief underwriting officer. “Having transitioned to Travelers paper for our core Cyber and Tech E&O products earlier this year, we’re excited to increase the scope of businesses we can now write.”