Independent specialist re/insurer Apollo Syndicate Management has added Richard Panter as head of specie and cargo at Apollo Syndicate 1969.
Panter brings over 37 years’ experience in the insurance market and reports to Paul Letherbarrow, head of aviation and member of the executive committee.
Before joining Apollo, he had been head of fine art and jewellers’ block at AXA XL since 2016.
Panter also held senior underwriting roles at Catlin and XL Catlin between 2001 and 2016.
David Ibeson, group CEO at Apollo, said, “As part of Apollo’s long-term strategy, we have been investing in talent and resources to grow our specialty lines, with our market leading specie and cargo team being an area of considerable focus as we see considerable trading improvement in the class.
“We are very pleased to have Richard joining us to accelerate our growth in specie and cargo.”
Commenting on his appointment, Panter said, “While more opportunities arise in the current specie and cargo market, clients are looking for professional support, especially from experts with strong market relationships and extensive analytical and actuarial capabilities.
“It’s a very exciting time to join Apollo and I look forward to working with this talented team to reinforce Apollo’s specie and cargo unit as a leading team in the London market.”
Charlotte Wilson will also be joining Apollo as head of fine art and deputy head of specie in January 2020, as announced in this July. Wilson will report to Panter.
