Apollo has secured “in principle” approval from the Lloyd’s Council to establish Apollo ReShare Syndicate 1972, with underwriting slated to begin on Jan. 1, 2026.
The new syndicate will provide follow-only capacity across the outwards reinsurance programmes of Apollo-managed syndicates.
The platform will be led by Paul Sandi, Apollo’s head of reinsurance, who takes on the role of active underwriter.
Sandi brings more than two decades of industry experience, including senior roles at Canopius Group, Liberty Syndicates, and Price Forbes & Partners.
Apollo Group CEO David Ibeson called the launch a milestone for the firm. “Apollo ReShare demonstrates our innovative approach to enhancing returns to capital partners,” he said.
Sandi added that Syndicate 1972 will provide “a dynamic and diverse portfolio across property, specialty, and casualty classes,” supported by Apollo’s track record in managing reinsurance portfolios.
We are really looking forward to the opportunities this creates for us and our partners as we look to the future.
Paul Sandi, Apollo’s head of reinsurance
Nick Jones, Apollo’s chief reinsurance officer, said the dedicated long-term reinsurer will deliver value to capital providers by offering rated capacity, creating efficiencies in reinsurance spend, reducing execution risk, and supporting cycle management.
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.
Nick Jones, Chief Reinsurance Officer
He noted that the syndicate’s strategy will eventually extend to offering support for Apollo’s platform partner syndicates.
“Our future strategy will be to also offer Syndicate 1972 reinsurer support to our platform partner syndicates as part of our forward-thinking approach, Nick Jones added.
The move underscores Apollo’s efforts to broaden its specialty underwriting platform and give investors structured, long-term access to Lloyd’s reinsurance opportunities.
