Prashanth Gangu has been named president of cyber insurtech Corvus Insurance coverage.
Most lately president of the insurance coverage and companies division and chief working officer of SiriusPoint, Gangu has greater than 20 years of expertise within the insurance coverage trade throughout technique, mergers and acquisitions (M&A), distribution, product, underwriting, danger, operations, and know-how, Corvus stated. He’ll report back to CEO Madhu Tadikonda and be part of the manager management crew.
Previous to SiriusPOint, Gangu was a companion and head of Americas P&C Insurance coverage at Oliver Wyman, a Marsh McLennan firm.
At Corvus Gangu will oversee gross sales, underwriting, actuarial, information science, claims, and danger capital features.
“Corvus has demonstrated you could obtain distinctive underwriting outcomes by excelling in each elements of insurtech — conventional insurance coverage experience mixed with innovative information and analytics — whereas defending policyholders in an evolving danger panorama,” stated Gangu. “I’m excited to be on board to construct on the prevailing Corvus platform whereas serving to policyholders, brokers, and (re)insurers face and mitigate the quickly evolving threats and cyber dangers to the core digital belongings and on-line operations of at this time’s companies.”
Axis Appoints Megan Watt as Chief Claims Officer
Axis Capital stated Megan Watt has joined as chief claims officer, efficient April 17. Watt will likely be based mostly in New York and can report on to Vince Tizzio, CEO specialty insurance coverage and reinsurance, and future group CEO (efficient Could 4, 2023).
Watt will likely be chargeable for the general administration and path of the claims division throughout the corporate’s international portfolio. As well as, she is going to lead the analysis, design, and implementation of claims insurance policies and procedures.
She be part of Axis from Chubb, the place she was the pinnacle of North America advanced claims. Beforehand, she served as chief claims officer for Everest, and held claims management roles with growing ranges of accountability at AIG.
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