Corvus acquires cyber platform Tarian from Beat
Corvus acquires cyber platform Tarian from Beat
Beat Capital Partners, a long duration investor specialising in the insurance industry, has announced the sale of Tarian Underwriting to Corvus Insurance, a provider of smart commercial insurance products powered by AI-driven risk data.

Based in London, Tarian’s international footprint covers the UK, US, Middle East, Canada, and Australia. With this deal, Corvus has become the first Cyber InsurTech to acquire a London underwriting platform, instantly providing global underwriting capabilities and access to Lloyd’s cyber insurance capacity. Tarian will be rebranded as Corvus Underwriting Limited.

“Corvus is now the world’s leading Cyber InsurTech. By bringing Tarian into the Corvus fold, we are expanding our international footprint into Europe, Africa and Australia with an experienced and proven team of underwriters,” said Phil Edmundson, Founder and CEO of Corvus Insurance. “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.”

The team at Tarian has been creating tailored solutions for cyber and technology insurance risks since 2016. Capitalizing on Tarian’s wide international footprint, Corvus is unlocking a new strategic opportunity for expansion and entering the international market to underwrite cyber insurance policies globally.

“We founded Tarian as a group with extensive market experience that saw an opportunity to set up a customer-centric company that was focused on entrepreneurial and tailored solutions to improve the standard of cyber and technology insurance risk,” said Geoff Pryor-White, CEO of Tarian. “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 businesses are formed around leading underwriting talent, and Tarian was one of our very first investments. We are pleased to support the acquisition of Tarian by Corvus. We recognize that in the dynamic world of cyber insurance, the importance of combining underwriting talent with technological investment has become increasingly apparent,” said John Cavanagh, Chairman at Beat Capital. “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.”

Corvus is coming off tremendous growth in 2021. Following its $115M Series C funding round in the spring, Corvus strategically appointed new c-suite executives and announced a new Risk Aggregation Platform to address systemic cyber risk aggregations.

Source: Businesswire

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