MS Amlin has announced a minority strategic investment in global specialist reinsurance MGA, Envelop Risk, further strengthening the relationship between the two firms.
Envelop Risk combines re/insurance expertise with artificial intelligence-driven cyber risk modelling. The two companies initially entered into a cyber reinsurance partnership in 2018, in a deal that saw MS Amlin act as the capacity provider for non-proportional and proportional structures.
As part of MS Amlin’s investment in the firm, its Global Managing Director of Reinsurance, James Few, has been appointed to the Envelop Risk Board.
Few commented: “Envelop Risk is a pioneer in the cyber insurance and reinsurance market and it is a real honour to be serving on the board. The recent investment by MS Amlin demonstrates the commitment we have to the company and we are excited to see what this partnership can achieve.”
Chief Executive Officer (CEO) of Envelop Risk, Jonathan Spry, added: “We welcome the investment and working relationship with MS Amlin, which will support the development and expansion of our business.
“The appointment of James to the board further aligns our strategic priorities with MS Amlin and his industry experience and insight will be invaluable. We are delighted to welcome him to the Envelop family.”
