Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Apollo Syndicate in RDS reinsurance back up; plans 2011 expansion

3 September 2010

Flagstone and Names-backed Lloyd's start-up Apollo Syndicate 1969 has had to purchase additional reinsurance for 2010 in its maiden year having written business with potential exposures greater than those envisaged in its business plans.

The revelation was made in the Syndicate's latest auction disclosure, in which it emerged that the syndicate "has 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...

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