Insurance brokers operating in the trade credit space can look forward to expanded market capacity and greater placement flexibility as Atradius has secured 'in principle' approval from Lloyd’s to launch Syndicate 1864. The syndicate is on track to begin underwriting from January 1, 2026, with an initial focus on supporting financial sector clients across Europe.
Atradius, a major global player in trade credit insurance, is moving into the Lloyd’s market after being granted approval by Lloyd’s Council on July 15.
Trade credit insurance has become a critical risk management tool, especially in today’s uncertain trading environment. With increased insolvencies, tighter credit conditions, and evolving geopolitical risks, more businesses are looking to insure their receivables and protect cash flow.
Atradius is well positioned to serve that need, with a global footprint spanning more than 50 countries and access to credit data on over 200 million companies. The launch of Syndicate 1864 offers brokers the opportunity to place business through the Lloyd’s platform, backed by the syndicate's underwriting focus on trade credit risk.
“By leveraging Lloyd's renowned and innovative underwriting platform, we can deliver exceptional value to our clients and partners,” said David Capdevila, CEO of Atradius. “We eagerly look forward to collaborating with Polo and the entire Lloyd's team to carve out our niche in the Lloyd's market."
The syndicate launch is supported by Polo Managing Agency, which will act as the managing agent, and Aon Capital Advisory, both of whom have helped steer the application process. These partnerships signal strong infrastructure support and a focus on long-term broker engagement.
Mike Cane, head of capital advisory at Aon Reinsurance Solutions, said: “The approval of Atradius Syndicate 1864 marks a significant milestone in the trade credit insurance sector. 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.”
For brokers, this development means another trusted name entering the Lloyd’s ecosystem with a specialised trade credit offering - potentially bringing fresh capacity, alternative structures, and added flexibility for structuring credit protection programs.
For those broking complex or multinational trade credit programs, the new syndicate could offer valuable flexibility and regulatory reach.
