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Envelop Risk’s Capital Markets business continues to gain traction and the firm is close to deploying capital markets capacity via its Augmented Re Class 3A Reinsurer, says Co-Founder and Chief Executive Officer (CEO), Jonathan Spry.
David Ross is the head of Envelop Risk’s Capital Markets, which was launched in 2022. He is an expert on insurance-linked securities.
This practice does not only underwrite but also structures and underwrites transactions on behalf ILS funds.
More than a year after its inception, Artemis spoke with the company’s CEO about its progress and the broader cyber-ILS space.
“It’s been very, very busy,” said Spry. “We are close to deploying capital markets capacity which we expect to have in use in 2024.”
He explained that Envelop Risk takes time to get to know ILS funds as well the broader capital market in order for them determine what is sensible and what they are comfortable with when it comes to new ILS product.
ILS funds, capital markets and their involvement have been hot topics for some time and are seen…
