Industry veteran O’Hara joins cyber insurer Envelop Risk board

Industry veteran Brian O’Hara, former head of XL Capital, has been appointed to London-headquartered cyber insurance firm Envelop Risk’s board of directors.

Jonathan Spry, CEO of Envelop Risk, said Mr O’Hara is a perfect fit for the developing cyber insurance market. “Brian 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,” Mr Spry said.

Mr O’Hara, who served as president and CEO of XL from 1994 to 2008, said: “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.”

Mr O’Hara is currently a director of the US Chamber of Commerce’s executive committee, director emeritus of The School of Risk Management at St John’s University, a director of the Roundtable Private Equity Partnership and a member of Oliver Wyman’s senior advisory board.