Apollo Syndicate signs cyber reinsurance deal with Envelop Risk

U.K.-based specialist insurer and reinsurer Apollo Syndicate Management Ltd. has entered into a cyber reinsurance partnership with Envelop Risk – a leading cyber reinsurance managing general agent, The Royal Gazette reported. As part of the arrangement, Envelop Risk will underwrite a new class of cyber reinsurance business within Apollo Syndicate 1971, with effect from the 2023 year of account.