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Envelop Risk bolsters team with two leadership appointments

Promotion: Graeme Bell (Photograph supplied)

Envelop Risk, the data-driven cyber reinsurance and analytics specialist with an office in Bermuda, has promoted Graeme Bell to group chief operating officer and Simon Welton to the role of executive vice-president, underwriting performance and strategic partnerships.

Mr Bell joined the company as a non-executive director in 2020, moving to an executive position as group chief legal officer in 2021 at the same time as Envelop’s $130 million Series B fundraise from SoftBank.

Alongside that he has served as interim chief operating officer since 2023 and is also a director of both Envelop’s US broker, DataStream Cyber Insurance and its Bermudian-based Class 3A reinsurer, Augmented Re.

Prior to joining Envelop Risk he was a corporate mergers and acquisitions partner in several American and British law firms specialising in private equity and venture capital.

He retains his position as chief legal officer and, as COO, oversees Envelop’s operations, working closely with the rest of the executive team to drive operational efficiency and support Envelop’s growth aspirations.

New role: Simon Welton (Photograph supplied)

Mr Welton, a reinsurance executive with more than 30 years of experience, was previously EVP, insurance at Envelop. He joined in 2022 after a decade at Swiss Re.

In his new role, Mr Welton will work closely with Envelop Underwriting chief executive Dom Peters, focusing on underwriting performance management, and will spearhead underwriting product development in conjunction with Envelop Labs.

He will also continue to work with cofounder and group chief executive officer Jonathan Spry, to support Envelop’s strategic partnerships and its recently launched Envelop Risk Solutions business.

Envelop Risk is headquartered in Bristol, in Britain, with offices in Bermuda, London, and San Francisco.

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Published January 27, 2025 at 3:15 pm (Updated January 27, 2025 at 8:31 pm)

Envelop Risk bolsters team with two leadership appointments

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