Reinsurance News
Apollo
Apollo appoints Pateras as CEO of Bermudian subsidiary
4th May 2022
Apollo has appointed Susan Pateras independent non-executive chair of its Bermudian subsidiary. Pateras was most recently interim CEO and currently serves as deputy chair of the Bermuda Business Development Agency (BDA). She was also COO and head of healthcare underwriting at Liberty Mutual Bermuda (formerly Ironshore) where she joined in 2013. David ... Read the full article
Mosaic adds Lloyd’s carrier Apollo to boost syndicated global capacity
5th April 2022
Mosaic Insurance has added Lloyd’s carrier Apollo to its consortia of industry partners, boosting the amount of syndicated capacity it can deploy for high-demand transactional liability coverage worldwide. The new partnership will support Mosaic’s hybrid syndicated capital program, in which Mosaic Syndicate 1609 commits capital alongside that of trade partners seeking ... Read the full article
Athene saw net income more than double in 2021
11th February 2022
Apollo subsidiary Athene has just released its Q4 and FY results for 2021, revealing that the company’s net income between 2020 and 2021 more than doubled. According to the firm’s latest results, its net income in 2020 was $1,446m. This increased over 2021 to $3,718m. However, net income recorded for Q4 ... Read the full article
Apollo & Athene diversify into working capital & supply chain solutions
25th January 2022
Apollo and its subsidiary Athene have entered into a strategic relationship with global bank BNP Paribas, to provide a dynamic new solutions platform for working capital and supply chain needs through Eliant Inventory Solutions (Eliant). Eliant provides domestic and multinational companies with strategic and responsive inventory capital solutions to better optimise their ... Read the full article
Apollo completes merger with Athene, lifting market cap to $43bn
3rd January 2022
Apollo has now completed its merger with life and retirement reinsurance company Athene Holding Ltd., creating a company with an implied market capitalisation of around $43 billion. Apollo now considers itself a "high-growth alternative asset manager with asset management and retirement services capabilities", with two subsidiaries, Apollo Asset Management (formerly known ... Read the full article
Apollo gains Lloyd’s approval for ibott syndicate 1971
22nd November 2021
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 ... Read the full article
Apollo adds occupational accident underwriter Jahangez Chaudhery
16th November 2021
Independent specialist insurer and reinsurer Apollo Syndicate Management has appointed Jahangez Chaudhery as an occupational accident underwriter. Chaudhery brings close to 20 years' industry experience in the London and Lloyd’s market and reports to Chris Moore, head of ibott. He was most recently joint head of accident and health at AmTrust at ... Read the full article
Apollo gets $90m investment from Alchemy, to build on hybrid Lloyd’s model
11th October 2021
Apollo Group Holdings Limited, the Lloyd's specialist insurance and reinsurance group that includes Apollo Syndicate Management Ltd, has announced a $90 million investment from British private equity firm Alchemy Partners. Apollo is the largest independent, management owned business in the Lloyd’s market, including its flagship Apollo Syndicate 1969 and the $90 ... Read the full article
Apollo hires head of terrorism and political violence
27th September 2021
Independent specialist re/insurer Apollo Syndicate Management has appointed Andrew Page to lead and develop its terrorism and political violence team. He reports to Chris King, head of crisis management. Page brings over 15 years' experience and joins from Beazley, where he spent a decade underwriting terrorism and political violence in both London and Singapore. He ... Read the full article
Apollo adds RMS’ ExposureIQ app into exposure management workflow
27th September 2021
Independent specialist re/insurer Apollo has announced the integration of RMS’ ExposureIQ application into its exposure management workflow, citing its outstanding internal exposure management processes and underwriting capabilities as a key factor. ExposureIQ is an cloud-based exposure management application running on the RMS open cloud platform, RMS Risk Intelligence. It enables faster and more ... Read the full article
Apollo expands into casualty treaty with Paul Sandi hire
20th September 2021
Apollo Syndicate Management, the independent specialist insurer and reinsurer, has announced the appointment of Paul Sandi to head the build-up of a casualty treaty team within Syndicate 1969, subject to Lloyd’s approval. Sandi has nearly 20 years of industry experience and joins Apollo from Canopius, where he was head of casualty ... Read the full article
Aioi Nissay Dowa Europe partners with ibott to provide solutions for mobility sector
23rd July 2021
Aioi Nissay Dowa Europe (AND-E) and its subsidiary Toyota Insurance Services (TIS) have partnered with ibott, a division of Apollo to develop a range of insurance solutions for the shared mobility sector. The companies announced that the partnership will initially be focused within the UK, with plans to extend throughout Europe ... Read the full article
Apollo gains Lloyd’s approval for standalone Syndicate 1971
15th July 2021
Apollo Syndicate Management, the independent specialist insurer and reinsurer, has been granted in principle approval from The Council of Lloyd’s to convert Special Purpose Arrangement (SPA) 1971 into a standalone syndicate. However, the approval remains subject to the completion of the Lloyd’s ‘making it happen’ (MIH) process. The ibott SPA 1971 was ... Read the full article
Apollo Syndicate Management names Farah Buckley as non-executive director
12th July 2021
Apollo Syndicate Management, the independent specialist insurer and reinsurer, has appointed Farah Buckley as non-executive director. Buckley brings 19 years of experience to Apollo, with a deep understanding of M&A, risk and corporate finance. She is a non-executive board member at iHybrid Ltd, an ePOS tech start-up, and was previously head of ... Read the full article
Athene takes minority share in Australia’s Challenger
7th July 2021
Athene Holding Ltd. and Apollo Global Management have reached an agreement to purchase a 15% minority stake in Challenger Limited from an existing shareholder, marking their entry into the Australian retirement marketplace. Once completed and when combined with other Challenger shares acquired by Athene and Apollo, the acquisition of the 15% ... Read the full article
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