Apollo expands into casualty treaty poaching Canopius leader
Specialist re/insurer Apollo Syndicate Management has expanded into the casualty treaty market with the hiring of a senior leader from Canopius.
Paul Sandi (pictured) will head the build-up of a casualty treaty team within Syndicate 1969, subject to Lloyd’s approval. He will be joined by Anthony Thurman shortly.
Sandi has nearly 20 years of industry experience. He joins Apollo from Canopius where he was head of casualty treaty, having initially created a new US casualty treaty portfolio. He was previously a casualty reinsurance underwriter at Liberty Syndicates, where he was part of a team that wrote the largest North American casualty reinsurance book in Lloyd’s. Sandi began his insurance career at Price Forbes.
David Ibeson, chief executive officer of Apollo Group, said: “Paul is particularly experienced in optimising client needs while at the same time achieving profitable growth. This extensive experience will make him invaluable in building Apollo’s casualty treaty offering and we are delighted to welcome both Paul and Anthony the company.”
Sandi said: “It is an exciting opportunity to join Apollo as it continues to build on its existing strong underwriting offering, increasing profitability and expanding strategically into its next stage of growth. Creating a new casualty treaty business will give brokers and clients a wider variety of choice, while current market conditions mean that this is an opportune time for expansion.”
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