Apollo receives Lloyd's approval for Syndicate 1971

Apollo has received Lloyd’s approval to establish and manage Ibott syndicate 1971 for the 2022 year of account.

The Ibott business was launched in January 2019 as a Lloyd’s Special Purpose Arrangement and since then has specialised in servicing client solutions for innovative companies in the sharing economy through a collaborative and engaged underwriting, actuarial, and data science approach.

Matt Newman, chief strategy and innovation officer, said: “Ibott’s services are seeing increasing demand, reflecting the evolving risk landscape. Becoming a standalone syndicate allows the ibott team, led by Chris Moore, to further enhance our innovative solutions for the global sharing economy. This marks an exciting opportunity for Apollo, our capital providers and our clients.”

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