London: Apollo, the innovation-inspired insurance platform, is delighted to announce that it has received “in principle” approval from Lloyd’s Council to establish Apollo ReShare Syndicate 1972. The syndicate, which is expected to commence underwriting on 1 January 2026, will provide follow only capacity on the outwards reinsurance programmes for Apollo managed syndicates.
The new syndicate will be led by Paul Sandi, Head of Reinsurance at Apollo, who will serve as Active Underwriter. Paul brings deep reinsurance expertise, combining forward-thinking strategies with a strong network of market relationships. His leadership will play a key role in shaping the growth of this new syndicate.
David Ibeson, Apollo Group CEO, commented: “Following this week’s exciting Apollo news, we are thrilled to announce the establishment of Apollo ReShare which demonstrates our innovative approach to enhancing our returns to capital partners.”
Paul Sandi, Head of Reinsurance, Active Underwriter Syndicate 1972, commented: “Syndicate 1972 offers a dynamic and diverse portfolio across property, specialty, and casualty classes, underpinned by a strong track record of success. We are really looking forward to the opportunities this creates for us and our partners in the future”
Nick Jones, Chief Reinsurance Officer, commented: “The creation of a dedicated long-term reinsurer for our managed syndicates will greatly benefit our capital providers. Apollo ReShare offers highly rated capacity, creates efficiencies in reinsurance spend, reduces execution risk for core placements whilst supporting cycle management. Our future strategy will be to also offer syndicate 1972 reinsurer support to our platform partner syndicates as part of our forward-thinking approach. ”
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MEDIA ENQUIRIES
Haggie Partners
Peter Rigby, Caroline Klein, Bec Seaton, Cressida Tarver
Email: Apollo@haggiepartners.com
Tel: + 44 20 7562 4444
ABOUT APOLLO
Apollo is an innovation inspired insurance platform offering data-driven and creative solutions to a wide variety of risks. We provide high quality products and services to clients, brokers, and capital partners at Lloyd’s, enabling a resilient and sustainable world.
We offer insurance products across Property, Casualty, Marine, Energy & Transportation, Specialty, Reinsurance, as well as Smart Follow and digital & embedded risk programmes. Our expertise and unique Apollo ecosystem give our Platform Partners the best chance of success through the Lloyd’s new entrant process to the delivery of their long-term strategy.
We invest in true partnership and innovation driven experiences unlike anyone else.