Corvus raises limits, expands cover for cyber product

Corvus Insurance Holdings Inc. Wednesday said it has raised the limits and expanded coverage terms for its Smart Cyber Insurance product, which covers primary and excess policies.

The limit for aggregate covered losses has doubled to $10 million and the revenue ceiling for coverage eligibility has been raised to $5 billion, Corvus said in a statement.

The cyber managing general underwriter also said that it has “increased its underwriting appetite” for businesses with less than $30 million in annual revenue, with a focus on the sub-$10 million segment.

Corvus added that all of its products are now written on Travelers Cos. Inc. excess and surplus lines paper.

Travelers bought Corvus in November 2023 for approximately $435 million.