Envelop Risk, a cyber reinsurance and analytics firm, has announced the appointments of Michael Murdoch-Smith, JayLynn Hines (pictured above, left), and Sarah Kennerley (pictured above, right) to key underwriting positions.
The company said the new hires will support its cyber strategy across both its Bermuda and London platforms.
Murdoch-Smith has been named senior vice president and underwriter, reporting to Dominic Peters, CEO of Envelop Underwriting. He will be based in Bermuda and is tasked with overseeing the delivery of Envelop’s cyber strategy in the region.
Murdoch-Smith joins from Park Indemnity, where he served as head of cyber underwriting and led the development of a global cyber program. He previously spent 15 years at Allied World.
Hines has been appointed vice president and underwriter, also in Bermuda, and will report to Murdoch-Smith. She brings a decade of industry experience, most recently serving as assistant vice president, underwriter – cyber at Ariel Re BDA, where she led underwriting for the cyber treaty portfolio. Before Ariel Re BDA, Hines worked at Chubb Canada as assistant underwriter.
Kennerley joins the London office as vice president and underwriter, reporting to Chris Baddeley, senior vice president and head of cyber for London and active underwriter for SPA 1925. She has nine years of experience in cyber underwriting, most recently as open market cyber co-lead at Axis Capital. Kennerley has also held various underwriting and broking roles in London.
Dominic Peters, CEO of Envelop Underwriting, said the new team members bring “an exceptional depth of experience and expertise that will further enhance our ability to deliver top-tier solutions for our clients and capital partners globally.”
In recent months, Envelop Risk launched a new underwriting division, Envelop Underwriting, consolidating all of the company’s existing underwriting activities across Bermuda, Lloyd’s, and SPA 1925.
The new division is led by Dominic Peters, who brings over 27 years of reinsurance experience to the role.
Envelop Risk also surpassed US$1 billion in gross written premium (GWP) since its launch in 2018, reflecting a compound annual growth rate of 40%.
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