Envelop Risk News

Cyber Re/Insurance MGA, Envelop Risk, Announces $130 Million Series B Financing

Envelop Risk, the UK-based cyber re/insurance managing general agent, announced a Series B investment of $130 million, led by SoftBank Vision Fund 2. The financing will facilitate Envelop Risk’s plans to expand its proprietary machine-learning and data-driven underwriting activity in …

Volatile Cyber Market Struggles to Boost Reinsurance Capacity

The cyber insurance market could benefit greatly from more reinsurance cover but it has been a challenge to attract interest. Part of the reason is because the cyber market is a relatively new one compared to others in the property …

For Now, No Need for Federal Cyber Reinsurance Backstop: Experts

Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market, a panel of experts said recently. “I don’t think a compelling case has been made yet for an explicit government …

Envelop Risk Paves the Way as Insurtech Reinsurance MGA

Managing general agents for reinsurance are rare. Reinsurance MGAs that write cyber are even rarer, which is the world that Envelop Risk inhabits. “We think we’re the only insurtech firm involved in cyber reinsurance from an underwriting perspective,” said Jonathan …

Finding Niches: Reinsurance MGAs Carving Out Special Market Slices

Reinsurance managing general agents are a rare breed as opposed to their more prevalent insurance-focused counterparts. The successful reinsurance MGAs have a niche, a focus. What they have in common is they are not commodity players. They aim to bring …

Cyber Underwriting Firm Envelop Risk Raises $6 Million in Funding

Envelop Risk, the UK cyber underwriting and risk analytics business, announced a Series A investment of approximately $6 million. The funding round was led by artificial intelligence specialist investor Alpha Intelligence Capital (AIC), with additional support from existing investors including …

MS Amlin Acquires Stake in Specialist Reinsurance MGA Envelop Risk

MS Amlin announced the purchase of a strategic stake in Envelop Risk, a global specialist reinsurance managing general agent (MGA), which combines insurance expertise with artificial intelligence-driven cyber risk modeling. The investment sees MS Amlin take a minority strategic stake …

Envelop Risk Appoints Hannover Re’s Chatterjee as Chief Underwriting Officer

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. …

Cyber Analytics Firm Envelop Risk Launches Cyber MGA

Envelop Risk, a London-based cyber insurance analytics firm, announced the launch of a cyber managing general agent (MGA). Envelop Risk provides cyber underwriting to re/insurers and partners with cyber security firms to deliver custom cyber insurance products for their customers. …