5th January 2022
Beat Capital Partners(Beat), a long duration investor specialising in the insurance industry, has announced the successful sale of Tarian Underwriting to Corvus Insurance, a leading provider of smart commercial insurance products powered by AI-driven risk data. Established in 2016, Tarian has since become a leading cyber underwriting platform providing market-leading solutions to an ever-changing cyber risk environment and underwrites on behalf of a consortia of Lloyd’s syndicates.
Based in London, Tarian’s international footprint covers the UK, US, Canada, Middle East, and Australia. With this deal, Corvus has become the first US cyber InsurTech to acquire a London underwriting platform, instantly providing global underwriting capabilities and partnership with Lloyd’s cyber insurance capacity. Tarian will be rebranded as Corvus Underwriting Limited.
John Cavanagh, chairman of Beat Capital, comments “We are pleased to have successfully concluded the sale of Tarian which has grown into a significant cyber insurer under our ownership. Beat businesses are formed around leading underwriting talent and Tarian was one of our very first investments. We recognise that in the dynamic world of cyber insurance, the importance of combining underwriting talent with technological investment has become increasingly apparent. 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.”
“We founded Tarian as a team with extensive market experience that saw an opportunity to become a leader in the cyber insurance market,” said Geoff Pryor-White, ceo of Tarian. “We have had a great start with Beat and when we become part of Corvus, with access to its data-driven insurance technologies, we can continue our founding mission and support our policyholders as one, dynamic team.”
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