Apollo Underwriting

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.

Apollo plans to deploy meaningful lead capacity through the consortium which will be led by Syndicate 1971, as revealed by Insurance Insider.

The facility would largely involve Lloyd’s companies but Apollo confirmed it could potentially include London company market firms on a reinsurance or sidecar basis.

The business is being advised on the potential transactions by Howden.

Founded in 2016, Moonrock provides coverage for larger commercial drone operations.

Apollo said the appointment will further diversify its marine, energy and transportation division.

The MGA plans to build up its presence within the Lloyd’s market.

Rate growth in the construction market is beginning to stabilise after a lengthy period of hardening.

Kate Foster brings more than 20 years' experience and joins from Beazley.