Apollo Underwriting

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.

Former pricing actuary Chris Chandriotis will lead the team.

After Apollo announced a collaboration marking the latest milestone for algorithmic underwriting-led follow capacity in the London market, Insurance Insider explores how such partnerships can proliferate.

The collaboration will involve the algorithmic underwriting of risks with a human in the loop for decision verification and portfolio steering.

The carrier is looking to increase its presence in the marine market segment.

The new SPA will write cyber reinsurance initially and could progress to writing insurance.

Artificial Labs is developing a pilot with several carriers and brokers that integrates a generative AI model, including the use of ChatGPT, into its algorithmic underwriting platform.

Julian Cusack has stepped down from his duties as ASML chair after eight years.

The insurer is progressing talks to establish a partnership to combine Artificial Labs’ algorithmic trading capabilities with Apollo’s underwriting expertise within Lloyd’s.