Atradius has secured ‘in principle’ approval from Lloyd’s to establish Syndicate 1864, with plans to begin underwriting from 1 January 2026. The new syndicate will specialise in trade credit risks, initially focusing on serving new and existing financial sector clients across Europe. The move marks a strategic expansion for Atradius, which provides trade credit insurance, surety and collections services in more than 50 countries. With access to credit data on over 200 million companies worldwide, Atradius aims to help clients protect against non-payment risks when trading on credit. Syndicate 1864 will operate from the Lloyd’s platform, offering Atradius customers the benefit of Lloyd’s strong financial ratings and global licensing footprint. The syndicate will also leverage Lloyd’s regulatory framework to maintain high compliance and operational standards. The Lloyd’s Council granted the initial approval on 15 July, following support throughout the application process from PoloWorks and Aon Capital Advisory. Both firms will continue working with Atradius as the syndicate progresses towards launch. David Capdevila, Atradius’ CEO, comments: “ 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.” Paul Andrews, CEO of Polo Managing Agency, states: “In a dynamic and innovative sector, PoloWorks is proud to support the launch of the Atradius syndicate at Lloyd’s. Our collaboration with another prestigious partner brings further Lloyd’s capacity to the trade credit market.” Mike Cane, head of Capital Advisory for Aon Reinsurance Solutions, adds: “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.” The establishment of Syndicate 1864 is expected to enhance Atradius’ underwriting capabilities and market reach, while reinforcing Lloyd’s position as a platform for specialist credit risk.
