Independent specialist (re)insurer Apollo Syndicate Management has named Richard Panter as head of specie and cargo at Apollo Syndicate 1969.
At Apollo, he leads the team developing its specie and cargo offering and reports to Paul Letherbarrow, head of aviation and member of the executive committee.
Panter brings over 37 years’ experience in the insurance sector and has held senior roles at Catlin and XL Catlin between 2001 and 2016.
Prior to joining Apollo, he served as head of fine art and jewellers’ block at AXA XL since 2016.
David Ibeson, group chief executive at Apollo, said: “As part of Apollo’s long-term strategy, we have been investing in talent and resources to grow our specialty lines, with our market leading specie and cargo team being an area of considerable focus as we see considerable trading improvement in the class.”
Panter added: “While more opportunities arise in the current specie and cargo market, clients are looking for professional support, especially from experts with strong market relationships and extensive analytical and actuarial capabilities.”