MS Amlin AG has partnered with newly established London-based cyberrisk underwriter Envelop Risk to develop and launch a cyber reinsurance portfolio, Reinsurance News reported.
The venture will reportedly be led by Envelop's chief underwriting officer Ari Chatterjee. The portfolio will insure proportional and non-proportional structures and focus on multiple geographies, according to the news outlet.
Underwriting capacity will be accessible beginning Oct. 1.
MS Amlin AG is a wholly owned subsidiary of MS&AD Insurance Group Holdings Inc.