Atradius Syndicate 1864 Receives Preliminary Approval from Lloyd's

Global credit insurer Atradius has made significant strides in expanding its operations with the recent announcement that Lloyd’s of London has granted 'in principle' approval for the formation of Atradius Syndicate 1864. This new syndicate is expected to commence underwriting on January 1, 2026, focusing specifically on the commercial credit risk sector.

Atradius is widely recognized for its expertise in credit insurance, surety, and debt collection solutions, boasting a presence in over 50 countries. The establishment of the Syndicate Atradius 1864 aims to enhance the company's offerings by specifically targeting both new and existing European clients within the finance sector. This strategic move is anticipated to allow Atradius to leverage its extensive database, which includes financial information on 200 million businesses worldwide, to help protect companies from the risks associated with unpaid goods and services provided on credit.

David Capdevila, CEO of Atradius, expressed his excitement about this new venture, stating, "Our expertise in managing commercial credit risks provides a significant opportunity for collaboration with Lloyd’s. Through Lloyd’s innovative subscription platform, we can deliver exceptional value to our clients and partners. We look forward to working alongside PoloWorks and the entire Lloyd’s team to carve out our place in the Lloyd’s market."

The collaboration with PoloWorks, a reputable player in the Lloyd’s market, further solidifies Atradius's position in the insurance landscape. PoloWorks provides a broad range of services covering the lifecycle of a syndicate, enhancing governance and support for new ventures like Atradius Syndicate 1864. Paul Andrews, CEO of Polo Managing Agency, emphasized the importance of this partnership by stating, "In a dynamic and innovative sector, PoloWorks takes pride in supporting the launch of the Atradius syndicate at Lloyd's. This collaboration will greatly bolster the commercial credit market with the robust capability of Lloyd's."

The integration of Atradius Syndicate 1864 into the Lloyd's marketplace presents a substantial opportunity for the clientele of Atradius, thanks to Lloyd's financial stability, comprehensive licensing network, and resources. These advantages will enable Atradius to manage risks effectively while expanding its customer base. Moreover, the robust regulatory framework and support provided by Lloyd's will ensure adherence to high standards of compliance and operational efficiency, aligning perfectly with Atradius's operational ethos.

In addition to strengthening Atradius's existing operations, the new syndicate is expected to play a pivotal role in enhancing service quality and responsiveness to clients' needs within the insurance sector. Mike Cane, Head of Capital Advisory at Aon Reinsurance Solutions, stated, "The approval of Syndicate Atradius 1864 represents a significant milestone in the credit insurance industry. Aon Capital Advisory is proud to assist Atradius in this endeavor and is confident that Syndicate 1864 will become instrumental for Atradius in providing top-notch services to its clients."

Overall, the establishment of Atradius Syndicate 1864 not only showcases Atradius's commitment to innovation and expansion in the credit insurance domain but also positions them strategically to cater to the evolving needs of businesses across Europe and beyond. With the anticipated launch approaching in January 2026, Atradius is set to redefine how commercial credit risks are managed in the insurance industry, heralding a new era of opportunities for their clientele and stakeholders alike.

For more information about Atradius and its offerings, please visit Atradius France.