Re/insurer Apollo will launch a new specialty treaty class of business within the reinsurance division of Syndicate 1969 on 1st January 2024. It will focus on credit, mortgage, and surety reinsurance.

Paul Sandi, head of reinsurance at Apollo, said: “We have an expert team to lead the development of our division and are excited this has enabled us to expand into new areas for our clients.”

Chris Chandriotis will move from his role as a pricing actuary to help build out this new portfolio in addition to his responsibilities for the carrier’s international property reinsurance book of business.