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The carrier expects to re-emerge after operating as going-concern Anchor. -
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She has over 15 years’ experience managing PL and cyber portfolios.
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Severe convective storms are the biggest overall driver of adverse results.
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Koffie began work on a sale earlier this month following major layoffs.
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Corvus reported a 34% rise in the number of active ransomware gangs.
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The percentage of cases that could lead to higher losses increased in 2023.
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Deepika Srivastava will oversee claims, underwriting and risk management.
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Expanded underwriting capacity comes after a year of strong growth.
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The drivers are not surprising, but the extent of development is, execs said.
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The parties also signed a release of claims arising from the Vesttoo fraud.
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Competition, particularly from MGAs, is expected to accelerate in 2024.
