Liberty Mutual launched an organization dedicated to the life sciences industry and appointed Tory Agnich as chief underwriting officer of Middle Market Life Sciences.

Liberty Mutual’s Middle Market operation provides comprehensive insurance solutions to mid-size companies through teams that understand the needs of specific vertical industries, like life sciences, said Liberty Mutual North America Middle Market President Marc Orloff in a company press release.

Agnich comes to Liberty Mutual from Chubb, where she was senior vice president of Life Sciences. Liberty Mutual’s Middle Market Life Sciences team joins others dedicated to specific vertical markets, including private equity, energy, construction, public entity and others. The Middle Market operation partners across Liberty Mutual to bring the company’s global expertise and resources to meet the needs of each customer.

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Corvus Insurance, a cyber underwriter powered by an artificial intelligence driven cyber risk platform, made a series of announcements aimed at expanding its underwriting appetite and its cyber services for policyholders.

For its Smart Cyber Insurance product, which covers primary and excess policies, Corvus has doubled its limit offering to $10 million for aggregate covered losses and raised the annual revenue to $5 billion for companies it will offer coverage.

In addition, Corvus has increased its underwriting appetite for businesses with less than $30 million in annual revenue, with a particular focus on the sub-$10 million segment. The revised limits and revenue guidance are available across a broad set of business classes. All Corvus products are now written on Travelers Excess and Surplus Lines paper.

Sources: Liberty Mutual, Corvus Insurance