Apollo syndicate in RDS reinsurance back-up; plans 2011 expansion
Flagstone-backed Lloyd's start-up Apollo Syndicate 1969 has
purchased additional reinsurance for 2010, having written business
with potentially greater exposures than envisaged in its business
plans.
The revelation was made in the syndicate's auction disclosure
last week. It emerged that Apollo had "exceeded some of the
realistic disaster scenario (RDS) exposures scheduled in the
approved syndicate business forecast for 2010".
The note continued: "As the syndicate was able to purchase a
more comprehensive reinsurance programme than scheduled in the
approved plan,...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
