Envelop Risk Appoints Stuart Dale to Lead Global Casualty Reinsurance Expansion

Envelop Risk (“Envelop”), the data-driven cyber reinsurance and analytics specialist, today announces the appointment of Stuart Dale as global head of casualty, effective 24th September 2026.

Dale will be responsible for delivering the company’s global casualty reinsurance strategy, including product development and portfolio growth, reporting to Dominic Peters, CEO, Envelop Underwriting. Chris Baddeley will become global head of cyber while continuing as active underwriter for Syndicate 1925. Both will work closely with Michael Murdoch-Smith, EVP head of cyber Bermuda, alongside the Envelop Underwriting and Labs teams, to deliver Envelop’s casualty proposition.

With almost 30 years of casualty and specialty treaty reinsurance experience, Dale will drive Envelop’s expanded proposition, further solidifying its market position. He joins from Volante Syndicate 1699 where he served as deputy active underwriter. During his extensive Lloyd’s and international reinsurance career, Dale has held numerous senior roles, including head of casualty treaty at both ArgoGlobal and Westfield Specialty.

“Stuart will be an excellent addition to the team. His depth of market experience and portfolio-building capabilities will further enhance Envelop’s ability to deliver top-tier underwriting and capital management performance for our clients globally.” said Peters.

“I am thrilled to join the team at Envelop as the company enters its next phase of expansion. Its track record in cyber has demonstrated market leadership, and Envelop’s capabilities, combining disciplined underwriting, data-driven insight and strong portfolio construction, offer something genuinely new and exciting to the casualty market.” said Dale.

“Envelop has the core capability to build and maintain a compelling position in the liability risk space. We believe the timing is right to enter this market, applying our proven, data-driven underwriting approach to this complex area of risk. The move into this cyber-adjacent class will considerably enhance Envelop’s ability to observe and manage how AI-related risks impact insurers across their entire portfolios.” said Jonathan Spry, group CEO.