Insurance provider launches new underwriting arm with veteran as chief executive

Cyber (re)insurance specialist Envelop Risk has revealed that it will bring all of its underwriting activities under a new banner.

Called Envelop Underwriting, the arm will encompass Envelop Risk Bermuda and Envelop at Lloyd’s, including Envelop Risk Spa 1925.

The division will be led by Dom Peters as chief executive. He will oversee the management and governance functions of underwriting activities and underwriters.

The appointee will also develop Envelop’s growth strategy and assist with underwriting product development.

Peters said: “Aligning the underwriting activities of Envelop under a single unit creates huge potential for the business and its significance as a supporter of the fast-developing global cyber market.

”I am excited to lead this new division.”

Experience

Peters, who brings more than 27 years of industry experience to Envelop, joins from Dale Underwriting Partners, where he had been an active underwriter since 2021.

Prior to this, he was chief underwriting officer at MS Amlin’s global reinsurance business unit and helped manage a £1.3bn book of business. 

In his new role, he will report to Envelop co-founder and group chief executive Jonathan Spry.

Spry said: “Envelop Underwriting unifies all our underwriting operations under one strategic framework, which will enhance our underwriting focus and help accelerate Envelop’s growth into new markets.

”I am delighted to welcome Peters to lead the new division, whose proven expertise and senior international experience will further strengthen our ability to support the sustainable growth of the cyber insurance market globally.”