Apollo, the London-based impartial specialist insurer and reinsurer, introduced it would launch a brand new specialty treaty class of enterprise throughout the Reinsurance Division of Syndicate 1969, on Jan. 1, 2024.
The brand new portfolio will deal with the area of interest courses of credit score, mortgage and surety reinsurance, with Chris Chandriotis shifting from his position as a pricing actuary to assist construct out this enterprise along with managing the worldwide property reinsurance guide.
Apollo stated this strategic improvement underscores its dedication to offer essential reinsurance management in a time of elevated complexity.
“We’ve an skilled group to guide the event of our division and are excited this has enabled us to broaden into new areas for our shoppers,” commented Paul Sandi, Apollo’s head of Reinsurance.
“Jessica Gibbons may even be becoming a member of us in November to additional strengthen the group and we’re properly positioned to help our shoppers by this era of heightened uncertainty,” Sandi added.
“The Reinsurance division continues to construct on the profitable launch into casualty treaty in 2022,” stated James Slaughter, Apollo’s group CUO. “Paul, Anthony, Chris and Jessica at the moment are capable of provide shoppers a variety of merchandise throughout Property, Casualty and Speciality to fulfill the growing demand for revolutionary danger options.”
Apollo was launched in 2009 to offer shoppers and brokers an agile and entrepreneurial insurance coverage accomplice. The Apollo identify recognised the success of considered one of its founding buyers Neil Armstrong, who in 1969 was the primary particular person to stroll on the moon. The founders had been Armstrong, Jim Hays and senior executives Nick Jones and Simon White, in response to the corporate’s web site.
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