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 development underscores its commitment to providing important reinsurance leadership “in a time of increased complexity.”
Chris Chandriotis will be moving from his role as a Pricing Actuary to help build out this opportunity in addition to managing the International Property RI book.
Paul Sandi, Apollo’s Head of Reinsurance, commented, “We have an expert team to lead the development of our division and are excited this has enabled us to expand into new areas for our clients.
“Jessica Gibbons will also be joining us in November to further strengthen the team and we are well positioned to support our clients through this period of heightened uncertainty.”
James Slaughter, Apollo’s Group CUO, said, “The Reinsurance division continues to build on the successful launch into Casualty Treaty in 2022.
“Paul, Anthony, Chris and Jessica are now able to offer clients a range of products across Property, Casualty and Speciality to meet the increasing demand for innovative risk solutions.”
In other Apollo news, back in August, the firm partnered with Artificial Labs, the algorithmic underwriting insurtech, to launch a new smart follow collaboration aimed at unlocking fast, consistent and reliable capacity for London market brokers.
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