MODERN SLAVERY STATEMENT

This Statement has been published in accordance with the Modern Slavery Act 2015 and relates to the financial year ending 31 December 2025. It outlines the steps that Apollo Syndicate Management Limited (ASML), a Lloyd’s managing agent, and all entities in the Apollo group have taken and are taking to ensure that human trafficking and modern slavery are not taking place within its business or supply chains.

1.1 ASML Business

ASML is an independent specialist insurer and reinsurer operating across a number of specialty lines. ASML offers adaptable and flexible underwriting services at Lloyd’s and leads a number of London market consortia, through an empowered, inclusive and diverse team. ASML’s parent company, Apollo Group Holdings Limited (“Apollo”) was acquired on 1 January 2026 by Skyward Specialty Insurance Group Inc which is headquartered in Houston, Texas, United States of America.

ASML’s market-leading talent has allowed the business to spearhead sharing economy initiatives such as ibott (“insuring businesses of tomorrow, today”), as well as to form a diverse portfolio of long-term partnerships. ASML creates value through innovation, creativity and service excellence, as well as through a sustainable approach to the community and environment. ASML manages eight syndicates 1969, 1971, 1972, 3939, 2454, 1100, 2546 and 1994, as well as a special purpose arrangement SPA 1925. Syndicate 1969 writes across a range of classes of business including Property Binding Authority, Property Direct & Facultative, Property Treaty, Crisis Management, Cargo & Specie, Marine & Energy Liability, Casualty/Liabilities, Speciality Disruption, Product Recall, Marine Hull, and Energy & Aviation. Syndicate 1971 is a market leader specialising in the sharing economy. Syndicate 1972, Reshare, provides follow only capacity on the outwards reinsurance programmes for Apollo managed syndicates, specifically 1969 and 1971.

ASML also provides bespoke third-party managing agency services. ASML provides syndicate management services for the following: Syndicate 3939, NormanMax, aims to close the insurance gaps left by traditional insurance by providing parametric solutions across diverse international jurisdictions. Syndicate 2454, Africa Specialty Risks, is the first Africa-focussed syndicate at Lloyd’s. Syndicate 1100 is the first captive at Lloyd’s and provides first party and related third party cover for an International Tech Company. Syndicate 2546, Coface, is a short-term trade credit insurance specialist. Syndicate 1994, Compre, provides legacy reinsurance solutions. SPA 1925, Envelop, is a leader in Cyber reinsurance. ASML has one office located within the UK with staff primarily being based in the UK. Within the Apollo group, ASML outsources its operational functions to Apollo Partners LLP.

Both ASML and Lloyd’s of London are regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

1.2 ASML Approach

Part of ASML’s vision is to achieve market-leading returns through a sustainable approach to our community and environment. These are further supported by the ASML ESG strategy which is publicly available and aims to hold the ASML Board accountable for all ESG-related issues as well as to drive positive action.

The ASML vision and purpose are underpinned by a set of Values which are at the heart of everything ASML does.

These values aim to ensure we continue to develop, challenge, and remain committed to creating a diverse and inclusive workplace.

‘Aligned to our purpose’ is one of the key values and clearly aligns with a commitment to preventing modern slavery both within ASML operations and its broader supply chain. ASML has an ‘ESG Committee’ whose purpose is to help steer ASML’s ESG Strategy and identify areas for development. The ASML ESG Strategy is aligned to five of the 17 UN Sustainable Development Goals, three of which are supported by helping eradicate modern slavery:

• Good health and well-being
• Decent work and economic growth
• Reduced inequalities