James Slaughter, formerly of Liberty Mutual and recently linked with a start-up named Lavant, has been appointed Chief Underwriting Officer (CUO) of specialist Lloyd’s re/insurer Apollo Syndicate Management.
Slaughter is a recognised name in the insurance-linked securities (ILS) and reinsurance convergence space, having worked to establish many of Liberty Mutual’s initiatives in ILS over the years, including its Mystic Re series of catastrophe bonds and also having involvement in the development of its Limestone collateralised reinsurance sidecar vehicle.
He will join Apollo from April 6th and report to David Ibeson, group CEO. Nick Burkinshaw, Apollo’s current CUO, is set to retire.
Ibeson commented, “Apollo is now in an excellent place to begin the next phase of our strategic growth. For this, I would like to thank Nick, who has performed an exemplary role in driving our market-beating underwriting improvement over recent years. I wish him all the best in his retirement.
”James is a recognised market leader and we are very pleased he has agreed to join Apollo. As CUO, he will be instrumental in driving our future underwriting capability and innovation efforts as we look to expand existing and develop new capital partnerships to support our ambition. We are building partnerships, expanding our premium income and focusing on delivering exceptional returns, and I would like to welcome James to the team to consolidate these efforts and take our innovation agenda further.”
Slaughter added, “I am very pleased to be joining Apollo and excited to be working closely with David and the team. Apollo is well positioned to grow profitably in the coming years as it capitalises on favourable market conditions. I am therefore looking forward to contributing to Apollo’s innovative and expansive strategy as it enters the next stage of its growth.”
Slaughter will lead Apollo’s underwriting teams and help to build its market leading innovation capabilities, with a focus on leveraging the opportunities of data science and digital transformation within the Lloyd’s of London market.
Slaughter has more than 23 years’ experience in the insurance and reinsurance industry, most recently as the CUO of Liberty Mutual’s Global Risks Solutions business unit where he oversaw more than $17bn in gross written premium.
Before that, Slaughter held a range of senior positions across Liberty Mutual and Liberty Syndicate Management.
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