Boston-based insurtech Corvus Insurance said Madhu Tadikonda will take over immediately as CEO, replacing founding CEO Phil Edmundson.
Edmundson will assume the new role of executive chair and chair of the board of Corvus. In this full-time role, Edmundson will focus on supporting the growth of the company as it expands its international footprint and doubles down on its unique technology and risk capital capabilities.
Since its launch in 2017, Corvus – a specialty insurance MGA offering Smart Cyber Insurance products powered by AI-driven risk data – has doubled its premium and revenue every year, more than doubled its headcount since 2020 to 300, and has expanded internationally into both the UK and German markets, with plans for further global expansion in 2023, the company said.
“We are entering a new era of insurtech 2.0, where success is derived from smart risk-taking, combining insurance expertise with advanced data and technology. Corvus, which has scaled rapidly since its founding, is perfectly positioned to accelerate its growth moving forward,” said Tadikonda. “We remain hyper-focused on our most…
