Envelop Risk Appoints Aritra Chatterjee as Chief Underwriting Officer
Industry Veteran and Cyber Risk Expert Joins Envelop Executive Team
LONDON, UK – April 19, 2018 – Envelop Risk, a global specialty cyber insurance analytics and underwriting firm, announced it has appointed Aritra (Ari) Chatterjee as its Chief Underwriting Officer. Chatterjee was formerly the lead cyber underwriter with Hannover Re (Bermuda), a line of business he helped to establish.
Jonathan Spry, CEO of Envelop Risk, said, "We are honored that a market leader of Ari’s stature is joining Envelop. His proven business acumen and technical know-how will complement our team's specialist knowledge and expertise, as we go to market with our advanced form of insurance underwriting, reinsurance transactions, and risk quantification."
Chatterjee applied a unique conceptual and mathematical underwriting methodology called "PTBA - Resilience Matrix," which quantifies the risk landscape by mapping data assets to threat trends. He has used this and other approaches to consistently outperform the market. He will share elements of this approach in a forthcoming academic paper.
At his previous position as an Actuarial Underwriter with Hannover Re, Chatterjee underwrote Cyber (Re)Insurance, a line of business he helped develop and grow profitably. He has led several Cyber reinsurance placements in the US and International markets. Beyond Cyber (Re)Insurance, he has underwritten Marine & Energy, Property Catastrophe, Credit and Surety, Intellectual Property, and Motor deals. Prior to Hannover Re, Chatterjee worked with Flagstone Re and GE Insurance Solutions. Chatterjee led the start-up project “Bernoullian” for MIT Future Commerce course and was voted as one of the finalists out of 200 start-ups. He is a qualified Actuary from Casualty Actuarial Society, and has participated in several academic research projects with CAS. Chatterjee holds a Masters of Statistics from Indian Statistical Institute, where he was one of the top 20 statisticians in India.
Ari Chatterjee stated, "After a long pursuit to find the right InsurTech firm that will create the future of cyber insurance, I found Envelop Risk. Envelop’s technology platform and business approaches address quantification and distribution needs for the cyber insurance ecosystem. I was impressed with the dynamic and highly innovative team, and with the corporate governance. I am thrilled to be a part of Envelop, and to help and grow this business."
About Envelop Risk
Envelop Risk a global specialty cyber insurance analytics and underwriting firm headquartered in London, with offices in Boston, Washington DC, and Bermuda. Envelop Risk provides delegated (re)insurance underwriting, and partners with cyber security firms for custom insurance products. Envelop’s mission is to develop, underwrite, and distribute innovative insurance and reinsurance products that provide genuine coverage, and superior risk transfer. Envelop’s underwriting and product development capabilities are enabled by a core artificial intelligence model, and augmented intelligence frameworks. For more information visit www.enveloprisk.com or @enveloprisk.
Phone: 44 (0) 7889 168074
Kurt A. Mueffelmann
Phone: +1 603.568.4499