Envelop Risk, a UK-based cyber insurance analytics and underwriting firm, announced it has appointed Aritra (Ari) Chatterjee as chief underwriting officer.
Chatterjee was formerly the lead cyber underwriter with Hannover Re (Bermuda), a line of business he helped to establish.
Envelop Risk this week announced that it was expanding its business beyond its cyber insurance analytics specialty by launching a cyber managing general agent (MGA).
In his underwriting, Chatterjee applied a unique underwriting methodology called “PTBA – Resilience Matrix,” which quantifies the risk landscape by mapping data assets to threat trends, said Envelop Risk, adding that this and other approaches enabled Chatterjee “to consistently outperform the market.”
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 U.S. and international markets, the company said.
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. 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.
“After a long pursuit to find the right insurtech firm that will create the future of cyber insurance, I found Envelop Risk,” said Chatterjee.
With offices in London, Boston, Washington DC, and Bermuda, Envelop Risk provides delegated re/insurance underwriting, while partnering with cyber security firms for custom insurance products that address the specific risk profiles of their customers. The company is headquartered in Bristol, England.
Source: Envelop Risk
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