Atradius Syndicate 1864 secures approval from Lloyd’s

New Atradius Syndicate 1864 is to start underwriting on January 1st, 2026, following Lloyd’s ‘in principle’ approval. The syndicate will focus on trade credit risks, initially targeting new and existing European clients in the financial industry sector.

The syndicate will enhance the operations of Atradius, a global insurer that offers trade credit insurance, surety, and collection services through its presence in over 50 countries.

With credit information on 200 million companies worldwide, the insurer’s products have been designed to safeguard businesses against payment risks inherent in selling goods and services on trade credit.

Underwriting from the Lloyd’s platform offers multiple opportunities to Atradius’ customers including its extensive network of licenses and resources, bolstering their risk management and client expansion efforts.

Furthermore, Lloyd’s financial strength rating and robust regulatory framework ensure high standards of compliance and operational efficiency, aligning with Atradius’ own benchmarks.

David Capdevila, Atradius’ CEO, said: “Our specialized expertise in trade credit risks presents a compelling opportunity to collaborate with Lloyd’s. By leveraging Lloyd’s renowned and innovative underwriting platform, we can deliver exceptional value to our clients and partners. We eagerly look forward to collaborating with Polo and the entire Lloyd’s team to carve out our niche in the Lloyd’s market.”

Atradius has received support from PoloWorks and Aon Capital Advisory throughout the application process and will continue collaborating with them following the ‘in principle’ approval granted by Lloyd’s Council on July 15th until permission to underwrite is granted.

Paul Andrews, CEO of Polo Managing Agency, stated: “In a dynamic and innovative sector, Polo is proud to support the launch of the Atradius syndicate at Lloyd’s. Our collaboration with another prestigious partner brings Lloyd’s further capacity to the trade credit market.”

Mike Cane, Head of Capital Advisory for Aon Reinsurance Solutions added: “The approval of Atradius Syndicate 1864 marks a significant milestone in the trade credit insurance sector. Aon Capital Advisory is proud to have supported Atradius in this endeavour, and we are confident that Syndicate 1864 will become a key part of Atradius and will be pivotal to ensuring optimal outcomes for its client base.”

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