A veteran AIG executive and entrepreneur is joining Corvus Insurance as its first president.
Madhu Tadikonda has more than a decade of insurance and InsurTech industry experience, noted Corvus, an MGA focused on providing smart commercial insurance products through artificial intelligence-driven risk data.
“Corvus has reached a critical moment in its growth story, and the timing couldn’t be better for me to join such a groundbreaking organization,” Tadikonda said in prepared remarks. “I look forward to helping take this organization and its talented minds to new heights.”
In his new role as Corvus’s President, Tadikonda will collaborate with policyholders, brokers and reinsurers to address rapidly evolving threats and cyber risks to the core digital assets and online operations of today’s businesses. He joins a growing company that now employs 200 employees as of earlier this year and expects to double headcount in the next year.
Tadikonda began his insurance career at AIG, serving as both Chief Data Scientist in Commercial Insurance and then Global Chief Underwriting Officer. More recently, Tadikonda helped co-found Archipelago Analytics with RMS co-founder Hemant Shah. Archipelago uses what it bills as an innovative data platform reliant on AI to digitize risk for large owners of commercial property.
Tadikonda was also a founding executive at bolttech, which describes itself as the world’s largest insurance exchange.
Corvus raised $115 million in new venture funding so far this year. In August, it acquired Wingman Insurance, an InsurTech MGA that provides a tech platform for admitted cyber and Tech E&O coverage in all 50 states and D.C.
Source: Corvus