Apollo Underwriting

As two working member vacancies are arising on the Council, a ballot will be held.

The deal will be watched closely by Radian’s handful of similar peers.

Paul Sandi, head of reinsurance, will serve as active underwriter for the new syndicate.

It was announced this week that the business had agreed to be acquired by Skyward Specialty.

Skyward’s acquisition of Apollo will provide access to the London Bridge framework.

The cycle-turn M&A story continues with strategic buyers to the fore.

Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity.

The US specialty carrier announced Tuesday that it was buying the Lloyd's business for $555mn.

Coface Lloyd’s Syndicate 2546 is expected to commence underwriting in 2025.

Insight into the state of the insurance M&A market, powered by this publication's deal database.

Plus, the latest people moves and all the top news of the week.

The underwriter joins from MS Amlin.

The Lloyd’s business secured a $90mn investment from Alchemy in 2021.

Since leaving Hiscox Krefta has founded a consultancy.

The product supports investors of early-stage carbon removal projects.

Rob Littlemore serves as non-executive director of the Lockton Re International board.

The upstream market is now in softening territory, with capacity still abundant.

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.

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.

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.

Apollo ibott, Aioi Nissay Dowa Europe and Marsh teamed up to arrange the placement for a driverless vehicle journey in Europe, the first of its kind.

The new group CFO will be responsible for bolstering Apollo’s growth and developing its financial strategy.

The partnership ups Mosaic’s North American M&A liability capacity from $41mn to $50mn.

Martin Jackson joins from the HDI Group, where he was head of aviation and space.

The carrier said the deal would support continued growth in its “hybrid model”.

The CEO says the appointment is a “critical element” of Apollo’s strategic expansion plan for the line of business.

Doug Ker will work to enhance levels of profitability across the firm’s underwriting cells.

Both new hires will work on building up Apollo’s casualty team.

The SPA was launched in 2019 and generated a combined ratio of 88.8% last year.

Farah Buckley has nearly 20 years of financial services experience and comes with a ‘deep understanding of M&A, risk and corporate finance’.

The underwriter will take over as head of property treaty.

The business has also hired Neon’s former innovation head Luke Sanders as its strategic projects head.

The new recruit, a former senior Liberty Mutual executive, put his insurance start-up plans on ice last November.