Envelop Risk Announces Launch of Envelop Capital Markets Practice with David Ross as Head

Envelop Risk Announces Launch of Envelop Capital Markets Practice with David Ross as Head

MONTE CARLO – September 13th, 2022

Envelop Risk, a global specialty cyber underwriting firm, today launches Bermuda-based Envelop Capital Markets, a practice led by veteran underwriter and ILS specialist David Ross (Executive Vice President of ILS & Capital). The practice will bring new and efficient sources of risk capital to the cyber reinsurance marketplace, while developing and underwriting indemnity, parametric and index-based structures to best fit with this capital. Envelop Capital Markets has launched Augmented Re, its own Class 3A Reinsurer, which it will use to develop a collateralized reinsurance market for cyber risk.

Ross, commented: “Envelop Risk have developed a market-leading capability in underwriting Cyber Reinsurance supported by best-in-class analytics. At Envelop Capital Markets we match Cyber risk with capital, and expect ILS investors to be a growing part of this capital base. I look forward to developing Envelop Capital Markets into the primary global risk transfer hub for cyber risk.”

Ross will work closely with Envelop Risk CUO Ari Chatterjee in Bermuda, and Envelop’s cyber risk and portfolio analytics teams in the UK.

Jonathan Spry, Envelop co-founder and CEO said “We all know capacity is at a premium throughout the value chain; we seek to unlock growth by aligning capital deployment needs with investment opportunities that expand the business of our insurance and MGA clients.”

About Envelop Risk

Envelop Risk is a global specialty cyber underwriting firm based in London (UK) and Bermuda. The firm began underwriting cyber risk in late 2018 and has established itself as a leading cyber reinsurer globally, with over $500m in GWP underwritten to date. Envelop’s mission is to become the leading global capital allocator for cyber-related risk by combining superior capital management, underwriting, structuring, and data-driven proprietary modelling. Envelop’s advanced cyber modelling tools include threat intelligence, cyber posture analytics, global economic and financial data, and comprehensive global claims history. The firm is backed by Softbank Vision Fund 2, MS Amlin, Alpha Intelligence Capital, and Integra Partners, and Chimera Abu Dhabi.

For more information visit www.enveloprisk.com or follow @enveloprisk on Twitter.

Media Contacts

Envelop Risk
Jonathan Spry
Email: [email protected]