Apollo Underwriting

This publication revealed the CNA Hardy active underwriter was joining Apollo last week.

It is understood that the executive will work as deputy CUO at the business.

The executive will replace David Bendle on his retirement at the end of 2024.

Monica Cramér Manhem was most recently CEO at SiriusPoint International.

Captive Syndicate 1100, launched in partnership with a “major global client”, will be managed by Apollo.

The status was achieved thanks to the MGA’s insurance partner, Apollo Underwriting.

The carrier is partnering with Munich Re Syndicate and Tokio Marine HCC.

Envelop SPA 1925 was launched at the start of the year with Chris Baddeley as active underwriter, based in London.

The company also confirmed earlier reports from this publication that Goldman Sachs would be a leading bookrunner, along with Citigroup, Jefferies and Apollo Global Securities for its ~$4bn H1 2024 IPO in New York.

The new syndicate will write cover for African Specialty Risks’ existing lines of business, with plans to enter new markets later.

The carrier has added aviation, cargo and terrorism to its initial hull offering.

Sompo has begun writing aviation war for the first time, while Apollo has picked its pen back up after a pause.