Apollo Underwriting
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The product supports investors of early-stage carbon removal projects.
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Rob Littlemore serves as non-executive director of the Lockton Re International board.
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The upstream market is now in softening territory, with capacity still abundant.
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This publication revealed the CNA Hardy active underwriter was joining Apollo last week.
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It is understood that the executive will work as deputy CUO at the business.
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The executive will replace David Bendle on his retirement at the end of 2024.
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Monica Cramér Manhem was most recently CEO at SiriusPoint International.
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Captive Syndicate 1100, launched in partnership with a “major global client”, will be managed by Apollo.
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The status was achieved thanks to the MGA’s insurance partner, Apollo Underwriting.
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The carrier is partnering with Munich Re Syndicate and Tokio Marine HCC.
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Envelop SPA 1925 was launched at the start of the year with Chris Baddeley as active underwriter, based in London.
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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.
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