21 April 2018

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2016 claims frequency hits Apollo

6 April 2017

Property direct and facultative (D&F) specialist Apollo Syndicate 1969 posted a $5.4mn loss for the 2016 calendar year (2015 profit: $11.8mn) as its combined ratio soared from 93 percent to 102 percent year-on-year.

Apollo Syndicate 1969 was launched in 2009 with Nick Jones - former Argo International underwriter and Leslie "Sir Les" Rock protégé - as active underwriter.

According to Jones, the syndicate experienced competitive pressures in each class of business in the 2016 year of account, particularly in property,...

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