US-based Corvus Insurance has acquired cyber underwriting platform Tarian Underwriting from Beat Capital Partners for undisclosed amount.
UK-based Tarian underwrites policies on behalf of a consortium of Lloyd’s syndicates.
Besides the UK, Tarian has operations in the US, Middle East, Canada, and Australia.
Corvus noted that the acquisition gives its instant access to global underwriting capabilities and to Lloyd’s cyber insurance capacity.
Tarian, which has been offering solutions for cyber and technology risks since 2016, will be rebranded to Corvus Underwriting.
Corvus Insurance founder and CEO Phil Edmundson said: “Corvus is now the world’s leading cyber insurtech. 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.”
Tarian CEO Geoff Pryor-White said: “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.”
Beat Capital chairman John Cavanagh said: “We recognise that in the dynamic world of cyber insurance, the importance of combining underwriting talent with technological investment has become increasingly apparent. The data-driven, cyber technologies of the Corvus Risk Aggregation Platform will provide the Tarian team with best-in-class technology to support its differentiated underwriting proposition.”
In March 2021, Corvus Insurance raised $100m in a Series C funding round.
