Apollo Underwriting
Apollo Underwriting is a Lloyd's of London specialty insurance and reinsurance platform founded in 2009, managing nine syndicates across Property, Casualty, Marine, Energy, Specialty, and Reinsurance lines, with $1.84 billion in premiums under management in 2025. Acquired by Skyward Specialty Insurance Group in January 2026, Apollo serves brokers, capital providers, and platform partners globally.
- Company typePrivate
- Founded2009
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Apollo Underwriting does
Apollo Underwriting is an innovation-inspired specialty insurance and reinsurance platform operating at Lloyd's of London, founded in 2009 and headquartered at 1 Bishopsgate, London. The company underwrites business across Property, Casualty, Marine Energy & Transportation, Specialty, and Reinsurance lines through nine Lloyd's syndicates (1969, 1971, 1972, 3939, 2454, 1100, 2546, 1994) plus one Special Purpose Arrangement (SPA 1925). In 2025, aligned underwriting syndicates 1969 and 1971 delivered $1,518 million of gross written premiums at an 88.8% combined ratio, while premiums under management across all nine Apollo-managed syndicates totalled $1,838 million, representing a 20% year-over-year increase.
The platform is built around two engines: direct insurance underwriting via aligned syndicates and a managing-agency franchise that onboards third-party capital providers and specialty insurers (including Africa Specialty Risks, NormanMax, Coface, Envelop, and Compre) into the Lloyd's market. Technology components include the ibott innovation division (digital and embedded risk programs such as the Uber/Marsh AVIP autonomous vehicle facility), the Smart Follow algorithmic underwriting class (powered by Artificial Labs), and data-driven exposure monitoring across all lines. Distribution is broker-led through the Lloyd's marketplace, augmented by named partnerships with Marsh, Aon, Moonrock, and ZenHedge.
Apollo operates two revenue streams: insurance underwriting premiums (subscription/recurring) across multiple specialty lines, and managing-agency fees earned for syndicate management services provided to third-party strategic partners. Pricing is determined on a case-by-case underwriting basis through broker relationships. The company serves three primary customer segments — brokers and insurance intermediaries, capital providers, and platform partners — and distributes products globally through the Lloyd's marketplace. On 2 January 2026, Apollo Group Holdings Limited was acquired by Skyward Specialty Insurance Group (NASDAQ: SKWD) and now operates as a subsidiary within Skyward Group's portfolio of nine underwriting divisions.
Apollo Underwriting firmographics
Firmographics- Name
- Apollo Underwriting
- Legal name
- Apollo Group Holdings Limited
- Website
- https://apollounderwriting.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Apollo Underwriting is a Lloyd's of London specialty insurance and reinsurance platform founded in 2009, managing nine syndicates across Property, Casualty, Marine, Energy, Specialty, and Reinsurance lines, with $1.84 billion in premiums under management in 2025. Acquired by Skyward Specialty Insurance Group in January 2026, Apollo serves brokers, capital providers, and platform partners globally.
- Ownership category
- akta.pro rank
Apollo Underwriting industry classification
Industry- Product category
- Specialty Insurance and Reinsurance
- NAICS
- Insurance Carriers and Related Activities (524), Other Direct Insurance (except Life, Health, and Medical) Carriers (524128), Other Insurance Related Activities (52429)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Underwriting Automation & Workflow Enablement (FSAOAIAI)
- akta.pro secondary industry
- Underwriting Decision Support & Rules Engines (FSAOAIAD)
Keywords
Where Apollo Underwriting is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Apollo Underwriting business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Insurance Underwriting: Apollo earns premiums by underwriting insurance and reinsurance business across Property, Casualty, Marine, Energy & Transportation, Specialty, and Reinsurance lines through Lloyd's Syndicates 1969 and 1971. The company also manages nine syndicates for third-party capital providers.
- Managing Agency Services: Apollo provides syndicate management services for third-party strategic partner syndicates including Africa Specialty Risks (Syndicate 2454), NormanMax (Syndicate 3939), and others, earning management fees for these services
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Quote-based insurance underwriting pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Apollo Underwriting product offering
Product offeringCore offering
Apollo Underwriting is an innovation-inspired insurance and reinsurance platform operating at Lloyd's of London, underwriting specialty risks through Lloyd's Syndicates 1969 and 1971 across Property, Casualty, Marine, Energy & Transportation, Specialty, and Reinsurance lines. The company also provides managing agency services to nine third-party and aligned syndicates (including Africa Specialty Risks, NormanMax, Coface, and Envelop), earning management fees for syndicate operations and capital provision.
Product overview
Apollo Underwriting is an innovation-inspired insurance platform operating at Lloyd's of London, offering a comprehensive suite of specialty insurance and reinsurance products through a multi-syndicate structure. The company operates nine managed Lloyd's Syndicates (1969, 1971, 1972, 3939, 2454, 1100, 2546, 1994) plus Special Purpose Arrangement SPA 1925. Core product lines include Casualty (International and U.S.), Property, Marine/Energy/Transportation, Specialty, and Reinsurance. The ibott division drives innovation for digital and embedded risk programs, while Smart Follow provides technology-enabled underwriting. Apollo also manages strategic partner syndicates including NormanMax (parametrics), Africa Specialty Risks, Envelop (cyber), Coface (trade credit), and Compre (legacy). The platform was acquired by Skyward Specialty Insurance Group in January 2026.
Differentiator
Problem solved
Functional benefit
Brands
- ibott: Innovation division focused on digital and embedded risk programs, insuring businesses of tomorrow today
- Smart Follow
Products and services
- Casualty Insurance
Quantifiable outcome
- Delivered $1,518 million gross written premiums with 88.8% combined ratio in 2025
- +3 more outcomes
Companies that use Apollo Underwriting
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles5 records
Apollo Underwriting technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Apollo Underwriting partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core and strategic.
- Marsh RiskcoreMarsh and Apollo's ibott developed a first-of-its-kind insurance facility (AVIP) for Uber to accelerate autonomous ride-hailing. The bespoke Autonomous Vehicle Insurance Program provides comprehensive primary and excess liability coverage for Uber's autonomous vehicle partners.
- Uber Technologies Inc.coreUber's Autonomous Vehicle Insurance Program (AVIP) is underwritten by Apollo's ibott division and exclusively provides Uber with dedicated capacity to provide AV partners with comprehensive coverage.
- ZenHedgecoreApollo partnered with ZenHedge to launch Freight Expense Insurance, a parametric insurance product protecting US shippers from trucking carrier tender rejections. Aon provides reinsurance and support across its US and London operations. The product addresses a largely uninsured risk in the US trucking market.
- WNSstrategicApollo announced a long-term strategic partnership with WNS, a digital-led business transformation company, to support new third-party syndicate partnerships.
- NormanMaxcoreApollo manages NormanMax Syndicate 3939, the first syndicate devoted exclusively to natural disaster parametric reinsurance solutions. NormanMax focuses on hurricanes, tropical cyclones, typhoons, and earthquake parametric products.
- Guy Carpenter / GC SecuritiesstrategicGuy Carpenter and GC Securities advised on the Lloyd's application and led the capital raise and reinsurance placement for NormanMax Syndicate 3939.
- CofacecoreApollo manages Syndicate 2546 for Coface, a short-term trade credit insurance specialist at Lloyd's.
- Africa Specialty Risks (ASR)coreApollo manages ASR Syndicate 2454, the first Africa-focused syndicate at Lloyd's. ASR focuses on Political Risk & Trade Credit, Political Violence and Terrorism, Parametric, Energy, Property, Construction, Liability and Treaty business across Africa.
- Munich Re SyndicatestrategicApollo partnered with Munich Re Syndicate Limited and Tokio Marine HCC International to lead a new Builders' Risk Consortium at Lloyd's, offering lead line capacity up to USD75 million each vessel.
- Tokio Marine HCC InternationalstrategicTokio Marine HCC International participates in Apollo's Builders' Risk Consortium, providing economies of scale, dedicated expertise, and efficient solution to traditional placements.
- Innovative Risk LabsstrategicInnovative Risk Labs and Apollo launched JustParent, a first-of-its-kind insurance product de-risking parental leave for small and medium UK businesses.
- Envelop RiskcoreEnvelop SPA 1925 is a dedicated cyber reinsurance Special Purpose Arrangement at Lloyd's, in partnership with Apollo through its Strategic Partner Syndicates business and Apollo Syndicate 1971. The SPA launched January 1, 2024.
- Artificial LabscoreApollo and Artificial launched Smart Follow collaboration, an algorithmic underwriting platform enabling fast, consistent, and reliable capacity for London market brokers. The partnership has been renewed through 2024 and beyond.
- ICX Consortium PartnersstrategicApollo ibott 1971 launched ICX Consortium to deliver bespoke insurance products for intellectual property, parametric solutions, new mobility and other underserved exposures. Aon is a key lead partner.
- Moonrock Drone InsurancecoreApollo provides capacity to Moonrock for drone insurance coverage, with the partnership surpassing £1 million GWP within a year. Moonrock is obtaining Lloyd's Coverholder status.
- Envelop Risk (Cyber Partnership)coreApollo Syndicate 1971 partners with Envelop Risk for cyber reinsurance, with Envelop providing underwriting expertise and insight for this class of business.
Scale indicators8 records
Recent moves7 records
Expansion highlights7 records
Apollo Underwriting competitors and assessment
Company assessmentDirect peers
- Beazley: Beazley is a London-headquartered specialty insurer operating at Lloyd's of London across Property, Marine, Specialty Lines, Cyber, and Reinsurance — directly comparable to Apollo's multi-line Lloyd's franchise with similar product breadth and broker-distribution model.
- Hiscox: Hiscox operates Lloyd's Syndicates alongside its Bermuda and US specialty insurance platforms, offering comparable specialty lines including marine, energy, and professional liability — directly comparable to Apollo's London-market specialty underwriting focus.
- Lancashire Holdings: Lancashire Holdings operates a Lloyd's-led specialty insurance and reinsurance platform focused on property, energy, marine, and aviation — closely comparable to Apollo's Marine, Energy & Transportation and Property classes at Lloyd's.
- Aspen Insurance Holdings: Aspen underwrites specialty insurance and reinsurance at Lloyd's and globally across property, casualty, marine, energy, and specialty lines — directly comparable multi-line specialty platform with similar Lloyd's presence and product breadth to Apollo.
- Convex Group: Convex Group is a specialty insurer operating across Lloyd's and Bermuda platforms offering property, marine, energy, casualty, and aviation coverage — closely comparable emerging-era Lloyd's specialty platform competing with Apollo for broker mindshare.
- Hamilton Insurance Group: Hamilton Insurance Group operates specialty Lloyd's and Bermuda underwriting platforms across property, casualty, and marine — comparable specialty carrier competing in similar lines and serving similar broker relationships as Apollo.
- Asta Managing Agency: Asta is one of the largest Lloyd's managing agencies, providing managing agent services to numerous third-party syndicates — directly comparable to Apollo's managing agency business model and strategic partner syndicate management across multiple lines.
Broad incumbents
- Markel International: Markel International is the London specialty division of Markel Group, operating at Lloyd's across marine, energy, casualty, and specialty lines — a broader incumbent with overlapping Lloyd's specialty capabilities versus Apollo.
- Skyward Specialty Insurance Group: Skyward Specialty is Apollo's parent company since January 2026, operating nine underwriting divisions across specialty lines in the US and at Lloyd's — the broader incumbent that now owns Apollo and offers comparable specialty insurance capabilities with greater scale.
Emerging players
- Envelop Risk: Envelop Risk is a cyber reinsurance analytics provider and Apollo's strategic partner on SPA 1925 — an emerging niche player with partial overlap in cyber reinsurance underwriting where Apollo manages their Lloyd's vehicle.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Apollo Underwriting social profiles
Digital presenceApollo Underwriting financial estimates
Financial estimateRevenue estimate
Valuation estimate
Apollo Underwriting leadership team
Management profileNumber of profiles
Profiles9 records
Apollo Underwriting subsidiaries and ownership
Company hierarchySubsidiaries7 records
Apollo Underwriting funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Apollo Underwriting M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Apollo Underwriting
What does Apollo Underwriting do?
Apollo Underwriting is an innovation-inspired insurance and reinsurance platform operating at Lloyd's of London, underwriting specialty risks through Lloyd's Syndicates 1969 and 1971 across Property, Casualty, Marine, Energy & Transportation, Specialty, and Reinsurance lines. The company also provides managing agency services to nine third-party and aligned syndicates (including Africa Specialty Risks, NormanMax, Coface, and Envelop), earning management fees for syndicate operations and capital provision.
Is Apollo Underwriting a public or private company?
Apollo Underwriting is a private company. It is classified as corporate owned and is currently operating.
When was Apollo Underwriting founded?
Apollo Underwriting was founded in 2009. It employs 101 to 250 people.
Where is Apollo Underwriting based?
Apollo Underwriting is headquartered in London, United Kingdom, in the Europe region.
How does Apollo Underwriting make money?
Two revenue lines are on record. Insurance Underwriting is the primary driver. The others are managing Agency Services.
Who are Apollo Underwriting's main competitors?
Direct peers on record are Beazley, Hiscox, Lancashire Holdings, Aspen Insurance Holdings, Convex Group, Hamilton Insurance Group and Asta Managing Agency. Broad incumbents are Markel International and Skyward Specialty Insurance Group. Envelop Risk is listed as an emerging player.
Does Apollo Underwriting have an API?
No public API is recorded for Apollo Underwriting.
What industry is Apollo Underwriting in?
Apollo Underwriting's product category is Specialty Insurance and Reinsurance. Its primary akta.pro industry code is FSAOAIAI, Underwriting Automation & Workflow Enablement, with a secondary code of FSAOAIAD, Underwriting Decision Support & Rules Engines. Its NAICS code is 524 and its SIC code is 6331.