- Boston-based Corvus Insurance announced it has raised $32 million in Series B funding
Boston-based Corvus Insurance announced it has raised $32 million in Series B funding in order to drive growth in its existing product lines and accelerate the development of new technology tools for improving risk management, especially for cyber risks. This is a big deal since commercial insurance has been failing when it comes to cyber risks.
“Commercial insurance has failed both brokers and policyholders when it comes to cyber risk. We are obsessed with changing that outcome,” said Philip Edmundson, founder of Corvus Insurance Holdings. “We see a future where brokers act as educated advisers on cyber risk, armed with better options for risk assessment, coverage and risk management for their clients. Empowering brokers to provide this level of service to clients of all sizes, large and small, is how we at Corvus will make the world safer. We are so pleased to have the support of investors who share in this vision.”
Prior to launching Corvus, Edmundson sold William Gallagher Associates (WGA) to NYSE-traded Arthur J. Gallagher.
The Series B round of funding was led…
