Alchemy Partners, a British private equity firm, agreed to invest $90m in Apollo Group, an insurance company. “We are delighted to be forming this new partnership with Alchemy. It reinforces our belief in the continued opportunity provided in the Lloyd’s market. The investment by Alchemy underscores the benefits to our clients and partners of our experienced and talented team, recently bolstered by the appointment of James Slaughter as CUO in April and Hayley Spink as COO in May, combined with the backing of well-respected and informed investors," David Ibeson, Apollo CEO.