Platform Partners
Apollo is committed to delivering mutual success through long term partnerships, where there is shared vision and alignment.
Andrew Gray
Director of Partner Syndicates
Gaye Flexen
Head of Partner Syndicates
Apollo is committed to delivering mutual success through long term partnerships, where there is shared vision and alignment.
We provide bespoke third-party managing agency services tailored to meet business objectives, leveraging the expertise and capabilities of each party, and maximising the probability of delivering sustainable profits over the long term.
Our strategic partners have access to opportunities not available via a traditional “turnkey” approach, enhancing value and increasing the likelihood of success. This includes access to our existing syndicates, consortia, underwriting expertise, and key Apollo partners.
Apollo’s partners will also benefit from our innovative, collaborative, and entrepreneurial approach to underwriting and our successful track record of establishing and managing syndicates at Lloyd’s.
Our Partners
Apollo is an independent, specialist insurer and reinsurer with a successful track record of establishing and managing multiple syndicates at Lloyd’s.
We collaborate with exciting and innovative businesses looking to enter Lloyd’s. Partnering with Apollo will increase the chance of success, whether that is via a full syndicate, Syndicate in a Box, Special Purpose Arrangement, Captive Syndicate or incubation within another Apollo Syndicate. Apollo can support whatever model works best for your business and is most likely to get Lloyd’s approval.
Our range of solutions
Syndicate
Syndicate in a box
Special Purpose Arrangement (SPA)
Captive Syndicate
New business incubation
Syndicate
Syndicates are the traditional market facing business units at Lloyd’s. They can be supported by one or more members of Lloyd’s; the members are the insurers for their share of any risk written by the syndicate (separately, not jointly).
Syndicate in a box
A Syndicate in a box (SIAB) is a market facing syndicate that differs from a traditional syndicate.
A SIAB is subject to various restrictions in terms of the business it can underwrite, in addition to reporting requirements, in order to benefit from the lower cost, faster approval, proportionate oversight and reduced reporting requirements.
Special Purpose Arrangement (SPA)
A Special Purpose Arrangement (SPA) is a Lloyd’s syndicate that acts as a sidecar for an existing Host syndicate, that can only write a single quota share of the Host of the subject business. Both the Host and SPA must be managed by the same managing agent, and are often a first step towards developing a full syndicate or SIAB in the future.
Captive Syndicate
A captive syndicate is a type of Lloyd’s syndicate set up by a group enterprise seeking to retain first or related third party risks.
New business incubation
Where a new business does not have the necessary track record or scale to move straight to a standalone Lloyd’s syndicate, SIAB or SPA, Apollo can offer incubation within one of its existing syndicates to “prove the concept” until the necessary Lloyd’s hurdles have been achieved.
Your Journey: Lloyds application process
1. Enquiry
Contact Lloyds new entrants’ team
2. Triage
Qualitative and quantitative submissions.
3. Business opportunities committee (BOC)
Detailed plan presentation
4. Lloyd’s Council
Qualitative and quantitative submissions
5. Making it happen
Deliver the operational and administrative aspects.
6. Permission to underwrite
Final formal approval and launch
Apollo journey process
We will work with you to:
Why partner with us?
Apollo journey process
Apollo can support you from the Enquiry stage onwards. As required, we will be your formal sponsor for the BOC stage through to your permission to underwrite in the Lloyd’s approval process, continuing to be your Managing Agent going forward.
We will work with you to:
Sponsor your Lloyd’s application and achieve Lloyd’s approval
Create a business plan that delivers sustainable profits and meets Lloyd’s expectations and entry requirements
Design and deliver an operating model that best meets your capabilities and strategic objectives
Deliver a robust and proportionate governance, oversight and performance management framework which meets regulatory requirements.
Why partner with us?
We can support the full range of entry points to Lloyd’s.
Ability to offer incubation within an existing Apollo syndicate to “prove the concept”
Competitive commercial terms that reflect the long-term nature of the partnership; delivering profits quicker
Building innovative underwriting businesses is within our DNA
A flexible and scalable operating model tailored to the requirements of your business and future aspirations
Alignment of interests through a remuneration structure that rewards both parties for profitable performance and long-term growth
Potential for capital support and experience of raising capital at Lloyd’s
A proven innovative approach to business
A mature, integrated and effective governance and risk management framework
Compre Legacy Syndicate 1994
Compre, the international specialist legacy group entered the Lloyd’s market in 2021 as part of a strategic partnership with Apollo. Syndicate 1994 comprises of a RITC of S3330’s 2018 YoA and S1969’s 2017 and prior years.
Africa Specialty Risks (ASR) 2454
Africa Specialty Risks (ASR) provides comprehensive, bespoke risk mitigating (re)insurance solutions to local and global customers, giving them the confidence to grow their business sustainably. ASR aims to support development in the region through a full suite of specialty products which help mitigate risk for investors and entrepreneurs over the business cycle from initial investment through construction to operation.
NormanMax Insurance Solutions 3939
NormanMax Insurance Solutions utilises revolutionary insurance technology to provide the best parametric insurance solutions possible to our clients and provide personalised service and comprehensive coverage that suits your unique needs With unrivalled parametric insurance solutions for hurricanes and earthquakes – and many more parametric insurance solutions to follow.
Envelop Risk 1925
Envelop Risk is a cyber specialist, offering value-added partnerships. We deploy underwriting and technology expertise to foster long-term relationships with our partners.
Quaerere 1100
Captive Syndicate writing first and related third party risks.