Corvus Coverage is pursuing a European expansion by way of a new business in Frankfurt, Germany.
Corvus is an AI-driven specialty insurance policies MGA concentrated on coverage parts such as cyber, technological know-how and cargo. The business payments its digital platforms and resources as enabling productive quoting and binding, together with proactive hazard mitigation.
Corvus spelled out that the new business will allow it to extend internally and carry on to mature its choices. The Boston-based mostly enterprise touts the go as “a very first for a US-primarily based insurtech.”
“Frankfurt is located in just the most significant coverage current market on the continent and the metropolis has always been an international enterprise hub throughout industries,” Oliver Delvos, head of International at Corvus Coverage, claimed in well prepared remarks. “We will be capable to spread our wings and develop our company with a true European concentration.”
Insurtechs Ascend and NowCerts are partnering to mix workflow management with payments and top quality funding for brokers.
Ascend is an coverage payments system developed to deliver automatic all-in-just one financing, collections and payables. NowCerts is a cloud-based coverage agency management method used in spots together with activity administration, ACORD forms, invoices and much more.
Their linkup is built to support agents immediately pull purchaser and coverage details specifically into Ascend to very easily make agency monthly bill payment checkout links, with high quality financing constructed-in.
The providers invoice their partnership as the to start with to contain each payments and top quality financing created into one system/service. This integration is developed to provide both of those Ascend’s nationwide purchaser foundation as properly as NowCerts’ present 800-plus users.
Brewer Lane Ventures
Brewer Lane Ventures, a Boston-primarily based enterprise money business centered on insurtech and other economic providers sectors, extra a new associate and promoted one more.
The team employed Douglas Kim as working partner, and promoted David Castellani, from running principal to working companion.
Kim will concentration on partnering with portfolio business founders to give strategic guidance and execution abilities as they scale their business enterprise. He has far more than 30 many years of working experience in co-founding and working company computer software organizations in AI-buyer engagement and automation. He’s assisted found functions together with Pega Cloud, the $250 million organization SaaS company for Pegasystems, Inc. and was a founding govt at NovaSoft, a articles administration organization.
Castellani joined Brewer Lane Ventures in April 2021, initially as an operating principal. Previously, he was senior vice president and business enterprise data officer at New York Everyday living, wherever he oversaw company engineering and IT governance. He also founded two startup corporations in the past, each centered on applying know-how to generate course of action advancement.
Counterpart, a tech-driven taking care of normal underwriter targeted on management liability address, has released a new Excess insurance coverage solution for small company.
The deal with is presented on director and officers, work tactics and fiduciary liability, with a $3 million utmost restrict. Backed by Aspen Insurance, the featuring is available for compact enterprises with fewer than 250 workers and a lot less than $250 million in profits and property. Customers will be equipped to acquire the protect through Counterpart’s wholesale broker partners.
“Excess insurance is the most requested product from our brokers, and we have worked intently jointly to design a merchandise that addresses their needs and demands,” Mike Levins, head of insurance plan at Counterpart, explained in geared up remarks.
The cyber insurtech BOXX employed two new executives as it proceeds to scale globally.
Eric Newman is the Toronto-centered company’s new chief running officer and Steve Penney was employed as main know-how officer.
Newman, primarily based in Palo Alto, Calif., has a deep history in building and scaling stability and fraud prevention technologies. Earlier, he held management roles at organizations together with PayPal, RiskIQ, Pindrop, RSA Security and Silvertail Programs. In his new job, he’ll lead BOXX’s technological innovation and data system and enable propel its market place expansion.
Earlier, Penney was at Deloitte, in which he led digital engineering, commerce and transformation initiatives for a range of customers. He was also chief of the electronic transformation workforce at TELUS Communications, exactly where he managed delivery, administration and governance of TELUS’ digital client purposes goods and platforms, the firm stated.
Digital MGA Include Genius has acquired Booking Shield, a expert in embedded ticket security for ticket sellers, platforms and dwell occasion companies.
Neither side disclosed economic terms.
The offer can help Cover Genius develop its presence in the ticketing and stay leisure industry by enabling ticketing platforms, small-to-mid-sized ticket sellers, activities and venues, and Reserving Protect’s 350-additionally associates to provide embedded ticket security globally by way of the company’s XCover international distribution platform.