Apollo has appointed Steve Portman (pictured above) as head of energy, with the role to commence this month.
Based in London, Portman will report to Simon Mason, head of marine, energy, and transportation. He will oversee development of Apollo’s energy portfolio and contribute to its market strategy in the sector.
Portman joins the firm with more than two decades of experience across upstream and midstream energy insurance, including work in both underwriting and broking. His most recent role was at MS Amlin, where he served as lead underwriter.
At MS Amlin, he was responsible for overseeing growth in the upstream energy book, managing key accounts, and supporting the company’s leadership presence in the market.
Before his time at MS Amlin, Portman worked at several Lloyd’s brokers over a 15-year period. His previous positions include director roles at Thompson Heath & Bond and Howden, associate director roles at Willis and Glencairn, and a broker role at Miller.
Simon Mason commented on the appointment, saying that Steve brings strong technical expertise in energy underwriting, particularly in control of well cover, along with experience in portfolio development and client engagement.
“This extensive industry knowledge as well as his leadership skills will enhance our collective capabilities and bring invaluable insight as we continue to grow our energy offering,” Mason said.
Apollo underwrites a range of global onshore and offshore energy risks, including control of well, business interruption, pollution liability, and loss-of-hire coverages. Its energy division services both upstream and midstream clients, and the addition of senior underwriting expertise is intended to support both capacity deployment and client service delivery.
The firm’s energy operations sit within a broader Lloyd’s platform that includes property, casualty, marine, specialty, reinsurance, and embedded risk programmes.
In 2024, Apollo also announced new builder’s risk consortium via a partnership with Munich Re Syndicate Limited (Munich Re) and Tokio Marine HCC International (TMHCCI). The consortium offers brokers a lead line capacity of up to $75 million for each vessel and builds on an established agreement between Apollo and Munich Re since 2019.
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