Global credit insurer Atradius has received final regulatory approval for its Lloyd’s Syndicate 1864 and will commence underwriting operations from January 1, 2026.
Syndicate 1864, which received “in-principle” approval from Lloyds back in July, will focus on trade credit risks, starting with new and existing clients in the European financial sector.
By using credit insurance, lenders can protect their portfolios, improve capital efficiency and support safer growth. Credit insurance provides lenders with an effective and cost-effective way to manage credit risk, especially in volatile markets, while maintaining confidence in customer relationships.
Atradius’ credit risk expertise combined with Lloyd’s established global reputation enables the firm to offer its clients this unique and powerful solution.
Atradius launched the group in partnership with Polo Management Agency, providing a turnkey service. It will enhance the company’s operations and collection services through its presence in more than 50 countries.
The insurer holds credit information on 200 million companies worldwide and its products are designed to protect businesses from the payment risks inherent in selling goods and services on trade credit.
This information will be used for the purpose of underwriting our Lloyds Group business.
Underwriting through the Lloyd’s platform offers clients a number of advantages: Lloyd’s financial strength ratings, broad licensing, extensive resources and a high degree of compliance and operational efficiency, in line with Android’s standards.
David Capdevila, chief executive of Atradius, said: “Receiving underwriting approval from Lloyd’s is an important step forward. It demonstrates confidence in our expertise and the strength of our proposition. We are proud to join the Lloyd’s market and bring our credit risk expertise to more clients around the world. This partnership helps us deliver even more value and we are ready to make it work.”
Paul Andrews, CEO of PoloWorks and Polo Management, commented: “Polo Management is extremely proud to be partnering to launch another trade credit group, supporting the continued growth of the Lloyd’s market through Atradius’s very significant expertise.”