Reinsurance News
Apollo
Apollo writes first Smart Follow lines ahead of launch in 2024
30th November 2023
Independent specialist insurer and reinsurer Apollo has announced writing its first two risks under its new Smart Follow venture, powered by Artificial, which was announced in September following a successful proof of concept. According to Apollo, Smart Follow has added Aviation, Cargo, and Terrorism to its initial Hull offering, whilst ... Read the full article
Apollo launches new Specialty Treaty class of business
28th November 2023
Independent specialist insurer and reinsurer Apollo has revealed it will launch a new Specialty Treaty class of business within the Reinsurance Division of Syndicate 1969, 1 January 2024. As per Apollo, the new portfolio will focus on the niche classes of Credit, Mortgage and Surety reinsurance. The firm stated that this strategic ... Read the full article
Apollo & Artificial Labs launch new smart follow collaboration for London market brokers
30th August 2023
Specialist insurer and reinsurer Apollo, and Artificial Labs, the algorithmic underwriting insurtech, have launched a new smart follow collaboration to unlock fast, consistent and reliable capacity for London market brokers. This launch follows on from a successful proof of concept in early 2023, which applied Artificial’s technology to one of the ... Read the full article
APOLLO Insurance names Mark Fujita as VP of Partnerships
30th August 2023
Canadian digital insurance provider, APOLLO Insurance, has named Mark Fujita as its new VP of Partnerships, signaling a strategic move to enhance its footprint in the emerging embedded insurance sector. In his role, Fujita will lead the expansion of APOLLO’s fully digital renters insurance programs tailored for multi-family landlords across Canada. Jeff ... Read the full article
Apollo names Angus Winther as Chair of ASML Board
10th May 2023
Specialist re/insurer Apollo has announced the appointment of Angus Winther as the new Chair of the Apollo Syndicate Management Limited (ASML) Board, pending regulatory approval. This move comes as Julian Cusack, ASML Chair, retires from his position after eight years. Cusack, however, will continue to contribute his expertise and leadership as the ... Read the full article
AXIS’ Nerina Wright joins Apollo as Head of Sustainability
20th April 2023
Independent specialist re/insurer Apollo has appointed AXIS Capital’s Nerina Wright as Head of Sustainability. In her most recent role at AXIS, Wright served as ESG London Market Lead. Overall, she brings over three decades of experience towards her new role. In a statement, Wright said: “Sustainability is systemic. It is a responsibility shared by ... Read the full article
Apollo announces ICX Consortium within its Apollo ibott 1971 division
13th April 2023
Specialist re/insurer Apollo has announced its new ICX Consortium through its Apollo ibott 1971 division. Apollo suggests it intends to deploy lead capacity through the consortium, which will be led by Syndicate 1971, to create a "facility for innovation in the insurance industry." The new ICX vehicle will deliver bespoke insurance products ... Read the full article
Apollo to invest $500m into surplus notes issued by RGA’s Chesterfield Reinsurance
31st March 2023
Global alternative asset manager, Apollo Global Management, Inc., has closed an agreement for its affiliated companies, third-party insurance managed accounts, and other institutional clients to invest $500 million into surplus notes issued by Reinsurance Group of America's (RGA) wholly owned indirect subsidiary, Chesterfield Reinsurance Company. This bespoke, high-grade investment solution was ... Read the full article
Apollo partners with emerging risk analytics company Praedicat
10th March 2023
Independent specialist re/insurer, Apollo has announced a new, three-year agreement with Praedicat, a California-based emerging risk analytics and modelling company, to harness emerging risk insights. Through this partnership, Apollo will be able to use Praedicat’s technology and data for its underwriting and portfolio management. “Emerging risk has historically been a challenging area ... Read the full article
Apollo forms drone insurance facility partnership with Moonrock
8th February 2023
Specialist insurer and reinsurer, Apollo has announced the start of a new drone insurance facility in partnership with Moonrock Drone Insurance. Under the partnership, Apollo will provide capacity to Moonrock, which is designed to provide coverage for larger commercial drone operations, meeting an increased demand in the market. Founded in 2016, Moonrock ... Read the full article
Apollo names Caroline Stanley Ports & Terminals Underwriter
3rd February 2023
Apollo, an independent specialist insurer and reinsurer, has appointed Caroline Stanley to the role of Ports & Terminals Underwriter within its marine energy liability class, effective immediately. Stanley brings significant experience to the new role, having specialised in ports and terminals for more than 15 years. Since beginning her insurance career at ... Read the full article
Apollo and Envelop Risk partner up on cyber reinsurance
8th November 2022
Specialist re/insurer Apollo is going into partnership with Envelop Risk on cyber reinsurance business. Under the partnership, the latter will underwrite a new class of cyber reinsurance business within Apollo Syndicate 1971, with effect from the 2023 year of account. Matt Newman, active underwriter of Apollo Syndicate 1971, said: “We are committed ... Read the full article
Apollo names Sian Hill independent non-executive director
1st November 2022
Independent re/insurer Apollo Group Holdings Ltd, has appointed Sian Hill as independent non-executive director of Apollo’s managing agency board. A chartered accountant with extensive experience of the banking and insurance sectors Hill has spent the majority of her career at KPMG, becoming a tax partner in 1996, specialising in the financial ... Read the full article
Apollo names Tim Cook head of construction
14th October 2022
Independent specialist insurer and reinsurer, Apollo, has announced it is expanding its portfolio with construction physical damage to be led by Tim Cook. Cook joined the firm as head of construction and will be reporting to Kate Foster, who has been recently appointed divisional head of Apollo’s property team and ... Read the full article
Apollo Group names Stuart Davies as non-exec director
13th June 2022
Apollo Group had announced the appointment of Stuart Davies as group non-executive Director. His appointment is effective immediately. With more than 30 years of experience within financial services, Davies has served in various senior insurance industry roles throughout his career, including Chairman of DARAG Group, Chief Executive Officer (CEO) at global specialty ... Read the full article
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