Keystone Agency Partners | July 27, 2022
Keystone Agency Partners (KAP), a rapidly growing insurance brokerage platform, today announced it was named to Business Insurance’s ranking of the world’s Top 100 Insurance Brokers of U.S. Business for 2022. Reporting 233 percent year-over-year growth in 2021, KAP is among only a few brokers reporting triple-digit growth, earning a ranking of 56th in KAP’s first year of eligibility for the Top 100 list.
KAP also earned the distinction of being the top first-time participant in this year’s list. The ranking highlights independent insurance agency demand for the company’s differentiated value proposition. Through a partnership with KAP, agency owners can retain ownership in their agency, take ownership in a portion of KAP, maintain their local brand, and gain the strategic direction, capital investment, operational support and collaborative resources of KAP.
“We are proud to be included in Business Insurance’s list of the world’s premier insurance brokers,” said Jeff Turner, Chief Executive Officer of KAP.
“We are proud to be included in Business Insurance’s list of the world’s premier insurance brokers,” said Jeff Turner, Chief Executive Officer of KAP. “Our first full year of operation reflects the interest in our differentiated model and our leadership’s ability to drive exponential growth with our Platform Partners. KAP’s aligned incentives and Connected Autonomy operating model, have attracted agency owners from some of the highest performing agencies in the country and we’re thrilled to bring such a compelling offering to the market.”
In the first half of 2022, KAP added five platform partner agencies – growing its footprint in key geographic states of Florida, Michigan, Missouri, and New Jersey. This geographic expansion allows for future tuck-in opportunity to be realized through additional geographic depth and diversity of line of business coverage. The company plans to drive accelerated growth by leveraging the power of the collective platform, realizing operational efficiencies and delivering even greater value for partner agency clients and employees.
About Keystone Agency Partners
Keystone Agency Partners (KAP) is a rapidly growing insurance brokerage platform that acquires and partners with independent insurance agencies throughout the United States. KAP provides best-in-class services and capital investment that unlocks potential and delivers outsized and profitable growth within its platform agencies. KAP was founded in 2020 in partnership with Keystone Insurers Group, Inc. and affiliates of Bain Capital, LP. For more information, please visit: www.keystoneagencypartners.com.
Corvus | July 28, 2022
Corvus Insurance, the market-leading specialty insurance MGA offering Smart Commercial Insurance® products powered by AI-driven risk data, today announced the opening of a new continental European office in Frankfurt, Germany.
The newest office location for Corvus creates a presence in continental Europe for the company — a first for a US-based insurtech — allowing Corvus greater flexibility to expand its international footprint and capabilities through new markets.
“Frankfurt is located within the largest insurance market on the continent and the city has always been an international business hub across industries,” said Oliver Delvos, Head of International at Corvus Insurance.
“Frankfurt is located within the largest insurance market on the continent and the city has always been an international business hub across industries,” said Oliver Delvos, Head of International at Corvus Insurance. “We will be able to spread our wings and develop our business with a true European focus.”
The Frankfurt office will look to underwrite cyber insurance business for both small- and medium-sized businesses (SMBs) and larger corporations. Coupled with product growth, Corvus seeks to increase employee headcount by attracting new talent to the industry and into tech. This will include offering positions for ‘Werkstudenten’ from universities as a way to provide graduates with potential career opportunities.
“Cyber by its very nature is a global risk, and by expanding our operations into Europe, this will create new opportunities for our team to help even more policyholders and support our foundational mission of making the world a safer place,” said Lori Bailey, Chief Insurance Officer of Corvus Insurance.
To learn more about Corvus, please visit https://www.corvusinsurance.com.
Corvus Insurance is building a safer world through insurance products and digital tools that reduce risk, increase transparency, and improve resilience for policyholders and program partners. Our market-leading specialty insurance products are enabled by advanced data science and include Smart Cyber Insurance®, Smart Tech E+O™, and Smart Cargo®. Our digital platforms and tools enable efficient quoting and binding and proactive risk mitigation. Corvus Insurance offers insurance products in the US, Middle East, Europe, Canada, and Australia. Current insurance program partners include AXIS Capital, Crum & Forster, Hudson Insurance Group, certain underwriters at Lloyd’s of London, R&Q Accredited, SiriusPoint, and Skyward Specialty Insurance. Corvus Insurance, Corvus London Markets, and Corvus Germany are the marketing names used to refer to Corvus Insurance Agency, LLC; Corvus Agency Limited; and Corvus Underwriting GmbH. All entities are subsidiaries of Corvus Insurance Holdings, Inc. Corvus Insurance was founded in 2017 and is headquartered in Boston, Massachusetts with offices across the US, in the UK, and Germany. For more information, visit corvusinsurance.com.
Asteya | September 06, 2022
Insurtech platform Asteya recently supported the launch event of the newly founded AURORA Institute in St. Tropez on Saturday, July 23. The crucial event saw over 500 international attendees including several well-known celebrities, entrepreneurs, and investors. People of note included Robbie Williams, Kevin Love, Giannis Antetokounmpo, Rob Raco, Cameron Winklevoss, Lola Tash & Nicole Argiris, Peter Berg, Philippe Parenno, Kate Bock, and Queen Latifah. Live performances, presentations, and art installations included Kool & The Gang, Tinie Tempah, BLOND:ISH, master mentalist Lior Suchard, Tino Sehgal, Jeppe Hein, Refik Anadol, and the "first cyborg" Nathan Copeland.
The AURORA Institute was founded by Louise Tabbiner, Christian Angermayer, and Henry Chalhoub. AURORA's mandate is to be the first non-profit incubator of its kind, focused on funding the world's leading individuals and NGOs dedicated to solving the existing global mental health crisis. The Institute's goal is to amplify the efforts of those already doing the most impactful work or to empower those that could do more - helping them build their own foundations or navigate how to make mental health a core focus in their companies, communities, and organizations.
"At Asteya, our vision is to protect people's income and help them live a healthier and better life both physically and mentally, According to the National Institute of Mental Health, nearly one in every five adults experience mental illness, which is equivalent to nearly 50 million Americans, and additionally one out of 10 Americans with a mental illness are uninsured. We are proud to be one of the Founding Partners of the AURORA Institute whose mandate is to increase visibility and awareness around the need for mental health funding and to destigmatize mental health issues. At Asteya we strive to make mental health a priority for not only our customers but our corporate team as well."
-Asteya Co-Founder Hadi Radwan
The inaugural event honored the first four AURORA Institute prize winners, who were recognized for their significant contributions to ending the mental health crisis. Winners included Kevin Love, Dr. Adam Gazzaley (M.D., PhD.), The Klitschko Foundation, and The Weight of Gold. The event, titled Evening of Discovery, focused on the new science of mental health, mindful meditation, the integration of the metaverse and virtual reality in mental health interventions, and more. The launch event raised over $8 million which will be directed to the prize winners' charities of choice.
The event and Asteya's involvement marked a crucial milestone in AURORA's plans to raise $50 million in the next 5 years while increasing visibility and awareness around the need for global mental health funding and de-stigmatization of mental health issues. Much in line with Asteya's ethos, The AURORA Institute believes that by exploring and opening our minds, we can build a healthier, happier, and more inclusive future for all.
Asteya is an Insurtech company whose mission is to make income insurance accessible to anyone. Asteya's goal is to support people's financial, physical, and mental health so they can focus on living. Founded in 2019, Asteya is backed by I2BF Ventures, Capital Factory, Cap Meridian Ventures, and Northstar.vc.