O’Hara joins board of Envelop Risk

Global specialty cyber insurance analytics and underwriting firm Envelop Risk has revealed that Bermuda industry veteran and former XL Group head Brian O’Hara has joined its board of directors.

“Brian’s extraordinary leadership as an executive and director transformed the insurance industry,” said Jonathan Spry, CEO of Envelop Risk. “He is an outstanding addition to our board, and we will benefit greatly from his domain expertise and counsel.

“Brian has helped form the excess casualty market back in the ‘80s while the market was hopelessly unprofitable. Cyber risk has parallels to the casualty markets of the ‘80s in its esoteric nature and growing demand. We will immensely benefit from Brian’s experience in building XL Capital from scratch.”

O’Hara is the former chairman and chief executive officer of XL Capital, now XL Group.

“I am honoured to serve on the Envelop Risk board of directors," said Brian O’Hara. "Envelop Risk is transforming the cyber insurance and reinsurance market through its innovative AI-based technology that addresses the complexity of cyber risk to more effectively quantify risk and tailor products.”