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 as we look to 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. ”