Apollo names Slaughter as CUO as Burkinshaw retires
Apollo Syndicate Management has appointed James Slaughter as group chief underwriting officer, replacing Nick Burkinshaw, who is retiring.
Slaughter, a former senior Liberty Mutual executive, spent last year working on plans for a start-up insurer, but the intention to launch the business – Lavant – at 1 January was put on hold in November.
He will join Apollo on 6 April and report to CEO David Ibeson, leading underwriting teams across the business, with a focus on opportunities in data science and digital transformation.
In a 23-year insurance career, Slaughter has served in a number of senior positions at Liberty Mutual, most recently as CUO of its global risks solutions division, where he oversaw $17bn in gross written premiums.
Slaughter stepped down from his role at Liberty last May after 15 years at the company, and his start-up ambitions emerged in September, when this publication revealed that he was working with Evercore to fundraise for an underwriting vehicle.
US private equity houses Oak Hill Capital and Abry Partners had been lined up to provide around $600mn of capital to the venture before plans were put on ice.
Ibeson said that Slaughter was a “recognised market leader” and would be instrumental in driving the business’s capability and innovation.
“We are building partnerships, expanding our premium income and focusing on delivering exceptional returns, and I would like to welcome James to the team to consolidate these efforts and take our innovation agenda further,” he said.
The CEO thanked Burkinshaw for the “exemplary role” he played in improving Apollo’s underwriting and wished him well in his retirement.
Burkinshaw joined Apollo in 2019 as CUO after a brief stint at Fidelis, which followed a long career at Catlin.