Corvus doubles cyber limits to $10m, expands small business cyber offering

Travelers-owned Corvus Insurance has expanded its underwriting appetite for its Smart Cyber Insurance product, which covers primary and excess policies, doubling its limit to $10m for aggregate covered losses.

Corvus has also raised the annual revenue to $5bn for companies to which it will offer coverage. 

In addition, Corvus has increased its underwriting appetite for businesses with less than $30m in annual revenue, with a particular focus on the sub-$10m segment.

The revised limits and revenue guidance are available across a broad set of business classes. All Corvus products are now written on Travelers Excess and Surplus Lines 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, chief underwriting officer at Corvus Insurance. “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.”