Lloyd’s gives green light to new syndicate focusing on trade credit risks

Credit insurer Atradius has revealed that Lloyd’s of London has granted in principle approval for its new syndicate.

Called Atradius Syndicate 1864, Atradius is targeting 1 January 2026 as the start date for underwriting.

The syndicate will focus on trade credit risks, initially targeting new and existing European clients in the financial industry sector.

David Capdevila, Atradius’ chief executive, said: “Our specialised 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.”

Support

Atradius received support from PoloWorks and Aon Capital Advisory throughout the application process and will continue collaborating with them following the syndicate getting the greenlight.

“We eagerly look forward to collaborating with Polo and the entire Lloyd’s team to carve out our niche in the Lloyd’s market,” Capdevila said.

Paul Andrews, chief executive at Polo Managing Agency, added: “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.”