Apollo

Prudential sells Jackson equity stake to Apollo-backed Athene for $500mn

UK life insurer Prudential has sold a minority stake in its US business, Jackson, to Apollo Global-backed Athene Holding for $500mn, in the first phase of its plan to create an independent US business.

Apollo-Catalina interest in Sirius shows P&C appetite still strong

News linking Apollo Global Management with involvement in the Sirius sales process along with its Bermuda legacy specialist Catalina indicates that the investment giant’s appetite for the P&C sector is unsated despite a leaning towards life in recent years*.

Apollo 1969 names Fidelis’ Lyons head of casualty in team build-out

Apollo Syndicate Management has named former Fidelis executive Colm Lyons as head of casualty at Syndicate 1969 as part of a wider strengthening of its casualty team.

Apollo names Moore deputy active underwriter of SPA 1971

Apollo Syndicate Management has promoted Chris Moore to deputy active underwriter of Apollo’s special purpose arrangement (SPA) 1971 at Lloyd’s and head of its ‘ibott’ – which stands for “insuring businesses of tomorrow, today” – practice.

Apollo names Mistry chief risk officer

Lloyd’s managing agency Apollo Syndicate Management (Apollo) has named Vinay Mistry as chief risk officer, effective 1 November.

Flexible friends

Apollo’s recent news and RenRe’s continued pre-eminence are reminders that the provision of capital and originating and underwriting risk are flexible partnerships. They work best when there is a strong alignment of interest…

Apollo and Athene in $4.6bn capital raise

Alternative investment heavyweight Apollo has increased its stake in Athene Holding to 35 percent for a sum of $1.55bn and has committed $3bn of capital to Athene’s strategic capital vehicle (ACRA).

Natixis shuts down Coface sale speculation

French investment bank Natixis has said there is “no discussion underway” to divest its share in credit insurer Coface, after reports emerged on Friday that US private equity fund Apollo Global Management had made an offer.

Apollo hires former Fidelis specialty chairman Burkinshaw as CUO

Lloyd’s managing agency Apollo Syndicate Management has appointed Nick Burkinshaw to the newly created position of chief underwriting officer.

Apollo hires former XL Catlin political risk underwriter

Apollo Syndicate Management has appointed William Steeds as senior political risk underwriter for Syndicate 1969.

Athene upgrade latest win for investment heavyweight Apollo

Michael losses drag on Lloyd’s insurer Apollo 2017 underwriting year

Apollo Syndicate Management Ltd has become one of the first Lloyd’s insurers to highlight deterioration in its open 2017 year of account (YoA) from last year’s Hurricane Michael.

Aspen swoops on Liberty’s Watson for cyber hire

Aspen Insurance – the insurance segment of Bermudian headquartered carrier Aspen – has hired cyber underwriter Amie Watson to join its growing London cyber team, The Insurer can reveal.

Apollo’s $2.6bn take-over of Aspen completes

Alternative investment heavyweight Apollo Global Management has cleared the final hurdle in its $2.6bn takeover of Bermudian carrier Aspen.

D&F writers face $30mn US Ecology loss

London underwriters are facing their share of a $30mn loss after an explosion at a hazardous waste facility in Grand View, Idaho last month, The Insurer can reveal.

Apollo launches new £130mn Lloyd’s SPA Syndicate

Independent Lloyd’s managing agency Apollo Syndicate Management Ltd (Apollo) has received “in principle” approval to launch a £130mn SPA Syndicate 1971 to operate alongside its existing Syndicate 1969.

Apollo lowered bid twice before agreeing Aspen deal

Apollo Global Management lowered initial non-binding offers for Aspen twice before a counter-proposal from the Bermudian (re)insurer led to the all-cash transaction at $42.75 a share being agreed.

Apollo injects $700mn into Catalina ahead of major Zurich run-off deal

Apollo Global Management has injected $700mn into Bermuda run-off heavyweight Catalina ahead of a major run-off deal with Zurich.

Legacy gold rush continues with Quest’s $300mn+ Bermuda build

Re-Insurance.com tracks all the fund-raisings in 2017-18 as interest in the discontinued sector continues to grow…

Apollo receives Lloyd’s approval for 1.1 SPS launch

Lloyd’s Managing Agency Apollo Syndicate Management Ltd has received “in principle” approval from the Corporation’s Franchise Board to establish a sub-syndicate, SPA 6133, that will write property catastrophe business.

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