Insurtech Corvus appoints first chief insurance officer from Zurich
Cyber managing general underwriter Corvus Insurance, a provider of smart commercial insurance products powered by AI-driven risk data, has appointed its first chief insurance officer from Zurich Insurance.
Lori Bailey has over 20 years of experience working on both the carrier and broker sides of the insurance industry. Most recently, she was the global head of cyber risk for Zurich where she developed and implemented global underwriting strategies, governance and product offerings for all cyber risk exposures. She has previously served on committees for the World Economic Forum, Pan-European Insurance Forum and Institute for International Finance.
Additionally, the company has appointed Kori Johanson as its first general counsel.
Johanson brings 25 years of global experience in legal, compliance and government affairs to Corvus, most recently serving as chief compliance officer and associate general counsel for IFG Companies.
Phil Edmundson, founder and CEO of Corvus Insurance, said: “With Lori’s extensive background in cyber protection and liability and Kori’s compliance expertise, Corvus looks forward to our next phase of expansion as we push forward in our mission of making the world a safer place.”
Bailey commented: “ Corvus is making tremendous strides in streamlining, simplifying and securing the underwriting experience for both brokers and customers. I am excited to be joining the team, especially at a time when these tools are needed more than ever to combat the growing number of cyber attacks across the country.”
Johanson added: “Insurance regulators are paying increased attention to cyber insurance as threats reach unprecedented levels. I’m thrilled to be joining a team like Corvus that designs and offers digitally enhanced solutions to help meet the needs of organizations managing cyber risk.”
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