The new practice will develop a market for tail risk protection, retrocession and cyber reinsurance through both indemnity, parametric and index structures.
Envelop Capital Markets will underwrite transactions from Envelop’s Class 3A reinsurer, Augmented Re, and structure and underwrite transactions on behalf of ILS funds.
This publication revealed in June that cyber tech modelling company and MGA Envelop Risk had swooped for Bernina Re’s Ross to lead a new ILS practice.
At Bernina Re he served as lead underwriter for US business and retro.
Ross had joined the Class 3A Bermudian reinsurance company in December 2019, initially as its head of analytics, a role in which he was tasked with developing and managing the firm’s actuarial and analytics capability in pricing, reserving and capital modelling.
In his new role at Envelop Risk he will work closely with CUO Ari Chatterjee in Bermuda, as well as the firm’s cyber risk and portfolio analytics teams in the UK.
Led by co-founder Jonathan Spry, Envelop Risk writes cyber reinsurance on behalf of MS Amlin AG using its proprietary modelling and analytics tools developed from its Bristol, UK base.
The recent spike…
