Envelop Risk has appointed Jacquelynn Morley (pictured above) to its Bermuda-based operations, expanding its presence in a market the company identifies as a strategic hub for cyber reinsurance activity.
Morley brings 18 years of experience in reinsurance, including nine years as a senior underwriter at Allianz Risk Transfer, where she focused on fronting solutions within the insurance-linked securities (ILS) sector.
Before that, she served as AVP underwriter at Platinum Underwriters Bermuda, working in the North American property catastrophe market. Her background includes managing complex fronting portfolios valued in the multimillion-dollar range, with a particular focus on structured reinsurance programs and technical underwriting.
Dominic Peters, CEO of Envelop Underwriting, said Morley’s experience in reinsurance and the ILS space will support the firm’s efforts to expand its cyber offering and grow its operations in Bermuda.
Envelop Risk Solutions, launched in September 2024, offers comprehensive support to cedants seeking improved cyber performance.
The expansion follows major growth for the cyber reinsurance specialist, with Envelop
Risk announcing it has surpassed US$1 billion in gross written premium (GWP) since its launch in 2018, achieving a compound annual growth rate of 40% over the period.
The company also announced that it finalized a three-year capacity agreement with MS Reinsurance, which has been a key partner since 2018. In addition, MS Reinsurance has signed a multi-year agreement with Envelop’s newly launched Solutions Business for analytics services.
In January 2024, Envelop SPA 1925, a syndicate at Lloyd’s managed by Apollo, further strengthened the company's ability to support cedants entering or expanding in the cyber insurance market.
In September 2023, the company introduced its Cyber Partnerships Platform, enabling 30 partner companies to underwrite cyber risks in multiple countries. This platform supports a diverse range of clients, from personal lines to large corporate insureds.
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