Apollo expands into construction physical damage cover

Apollo has announced the addition of construction physical damage to its growing portfolio. Tim Cook has joined the firm as head of construction, reporting to Kate Foster, the newly appointed divisional head of Apollo’s property team who joins in January.

Apollo said that Cook brings extensive experience in leading the strategic direction of successful construction and engineering business, having worked in the market for 37 years. He joins from Allianz Global Corporate & Speciality, where he was the North American Regional Head of Energy & Construction, most recently based in New York.

James Slaughter, Apollo’s chief underwriting officer, said: “Having received Lloyd’s approval of our 2023 plan, we are excited to expand our construction capability with the addition of construction physical damage. Tim brings complementary expertise to our existing construction liability portfolio, to support our valued clients. This is another positive move for Apollo as we continue to diversify our group wide offering to achieve our ongoing strategy of profitable growth.”