Apollo

CNA Hardy’s Day re-emerges as Apollo deputy CUO

Lloyd’s insurer Apollo has appointed former CNA Hardy active underwriter Carl Day as deputy chief underwriting officer.

Apollo Syndicate Management adds ex-SiriusPoint exec Cramér Manhem to board

Lloyd’s third-party managing agent Apollo Syndicate Management has named Monica Cramér Manhem as independent non-executive director.

Apollo launches Captive Syndicate 1100 in modern market milestone

Lloyd’s has unveiled the launch of its first captive syndicate in the 21st century, with Captive Syndicate 1100 managed by third-party managing agent Apollo Syndicate Management.

Moonrock Drone Insurance gains Lloyd’s coverholder status

Drone and eVTOL insurance provider Moonrock Drone Insurance has received Lloyd’s coverholder status.

ASR commences underwriting at ~£70mn Apollo-managed Syndicate 2454

Pan-African reinsurance group Africa Specialty Risks as formally launched its Lloyd’s Syndicate 2454, managed by Apollo Syndicate Management and focused on underwriting business across Africa.

Apollo launches lead $75mn marine builders’ risk consortium with MRSL and TMHCCI

Lloyd’s managing agent Apollo has launched a marine builders’ risk consortium in partnership with Munich Re Syndicate Limited and Tokio Marine HCC International.

Google in talks with Lloyd’s and Apollo to launch pioneering captive at Lime Street

Lloyd’s has granted in-principle approval for the formation of a Google captive, which if successful will be regarded as a major milestone in the drive to attract large corporations to the market, The Insurer can reveal.

Cyber SPA 1925 targets $70mn GWP in debut year but ambitions much greater

MGA and modelling firm Envelop Risk’s special purpose arrangement, Envelop SPA 1925, is on schedule to write $70mn cyber (re)insurance GWP in 2024 after a strong January launch.

Helios and HNW investors back cyber reinsurance Lloyd’s launch Envelop SPA 1925

SoftBank-backed MGA and modelling firm Envelop Risk has confirmed the launch of its special purpose arrangement (SPA), Envelop SPA 1925, in collaboration with Lloyd’s managing agency Apollo.

Apollo writes first risks for Smart Follow venture

Lloyd’s insurer Apollo has written its first two risks on its new Smart Follow venture.

Apollo to launch specialty treaty class of business at 1.1

Lloyd’s insurer Apollo is set to launch a new specialty treaty class of business within the reinsurance division of its flagship Syndicate 1969, effective from 1 January 2024.

Apollo lifts forecasts for Syndicate 1969 and Ibott 1971 open years

Apollo has updated the forecasts for its flagship Syndicate 1969 and Ibott Syndicate 1971 for the 2021 and 2022 years of account, with both platforms reporting either stable or improved returns across the open years.

Apollo Syndicate 1969 confirms approval for 15.1% pre-emption for 2024

Apollo Syndicate 1969 will operate with a stamp capacity of £610mn for 2024 after having its request for a 15.1 percent pre-emption approved by Lloyd’s.

Apollo and Africa Specialty Risks team up for potential 2024 Lloyd’s SPA

Expansive Lloyd’s managing agency Apollo has received preliminary approval for a potential third new 2024 special purpose arrangement on behalf of Africa Specialty Risks, The Insurer understands.

Apollo to launch 1.1 cyber re SPA with Envelop Risk

Lloyd’s insurer Apollo is set to launch a cyber reinsurance special purpose arrangement in collaboration with SoftBank-backed MGA and modelling firm Envelop Risk from 1 January 2024.

Apollo unveils smart follow collaboration with Artificial Labs

Lloyd’s insurer Apollo has launched a smart follow collaboration with algorithmic underwriting insurtech Artificial Labs in a move it said would provide consistent and reliable capacity to London market brokers.

Coalition of insurers introduces sustainability education programme

Nine (re)insurance organisations have collaborated with Better Insurance Network to launch a training platform to help participants across the global industry gain a practical understanding of insurance sustainability.

Initial Lloyd’s 2022 YoA forecasts point to strongest returns since 2009

All but four third-party capital backed syndicates have projected a profit in the first round of quarterly forecasts to be published by Lloyd’s for the 2022 underwriting year.

Former Evercore banker Angus Winther lands Apollo chair role

The insurance M&A maven Angus Winther has succeeded Julian Cusack as chairman of private equity-backed Lloyd’s insurer Apollo Syndicate Management Ltd.