Matthew Newman, the former head of casualty at Catlin in London, has left to join Apollo Syndicate 1969 at Lloyd's in a move which indicates a significant expansion at the Names-backed outfit, Inside FAC can reveal.
Apollo - backed by US insurance broking group Hays, Hannover Re and by Lloyd's Names - was launched by the former Argo International underwriter Nick Jones in 2009 with its main focus property direct and facultative business.
Earlier this year it became part of Matt Fairfield's ANV when the start-up fought off stiff competition to acquire Flagstone's Lloyd's business with backing from Canadian state pension funds.
Neman's arrival is one of the first high profile signings made by Apollo since the recruitment of David Ibeson, its new CEO who has also joined from Catlin, where he was headed the group's UK division.
Filling Newman's role at Catlin will be Daniel Curran, who has been appointed head of casualty for its London based underwriting operations.
As leader of the Casualty Business Group, Curran will have responsibility for a wide range of business classes underwritten by the Catlin Syndicate at Lloyd's and Catlin UK, including healthcare professional liability and US E&O.
Curran joined Catlin in 2000 as an underwriting assistant on the healthcare professional liability account.
He was promoted to class underwriter in 2003 and to senior class underwriter in 2009.
It is understood that Apollo 1969 will continue to be managed by Flagstone Syndicate Management Limited for the foreseeable future, with existing contractual obligations honoured.
According to sources, Apollo is expected to move towards creating its own managing agent, with 2014 the likely start date.
Catlin declined to comment. Apollo was unavailable for comment.
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