Corvus taps ex-SiriusPoint talent for chief risk officer role

Cyber managing general underwriter  Corvus Insurance, which provides commercial insurance powered by AI-driven risk data, has strengthened its executive team with the appointment of a former SiriusPoint executive to a key C-suite position.

Albert Zhou (pictured) has joined the MGA as chief risk officer, where he will oversee pricing, reserving, systemic risk modeling, risk accumulation, and aggregation. He will also manage risk-taking through Corvus’s captive, Corvus Reinsurance Company.

Zhou has more than 12 years of cross-functional insurance experience, with deep operational expertise in actuarial, risk, and analytics. He reports to the company’s president, Prashanth Gangu, and joins the leadership team. Gangu also joined Corvus from SiriusPoint.

Most recently, Zhou was the chief actuarial & analytics officer at SynchronoSure, an early stage commercial MGA. Previously, in 2021, he founded Toyl Ventures, a privately owned arbitrage trading firm focused on digital assets. Zhou also spent seven years at Third Point Re and SiriusPoint, latterly as SVP, actuarial director, where he led the US actuarial team in pricing, reserving, capital modeling, and risk management.

Gangu said: “Albert’s deep experience and leadership will be instrumental in advancing Corvus’s industry leading approach to managing cyber risks on our journey to be the dominant cyber insurance player.”

Zhou commented: “I was drawn to Corvus because of its strong underwriting results, which are enabled by an innovative and collaborative culture consisting of top-tier talent from both technology and insurance backgrounds. Cyber insurance is an exciting, non-commoditized insurance product that provides critical coverage to our policyholders while still allowing plenty of room for innovation and growth.”

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