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Apollo Syndicate signs cyber reinsurance deal with Envelop Risk

Posted On: Nov. 9, 2022 9:08 AM CST

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.