Apollo Syndicate Management, the independent specialist insurer and reinsurer, has been granted approval from Lloyd’s to establish and manage ibott syndicate 1971 for 2022.
It has also been granted Permission to Underwrite in accordance with the agreed business plan.
The ibott SPA 1971 was launched in January 2019 at Lloyd’s and specialises in servicing client solutions for companies in the sharing economy through an underwriting, actuarial, and data science approach.
Matt Newman, Chief Strategy & Innovation Officer, said: “ibott’s services are seeing increasing demand, reflecting the evolving risk landscape.
“Becoming a standalone syndicate allows the ibott team, led by Chris Moore, to further enhance our innovative solutions for the global sharing economy. This marks an exciting opportunity for Apollo, our capital providers and our clients”.
