Atrium, a specialty insurance group at Lloyd’s, has announced the appointment of a new credit and political risk team led by Richard Lamb.
Lamb, who brings more than 27 years of experience in the market, will be joined by Beth MacGregor and Adam Vulliamy. All three previously worked at Axis Capital and are set to join Atrium in the first quarter of 2026, following the completion of their contractual obligations.
The new team will focus on developing a credit and political risk book to address evolving customer requirements and respond to shifts in the geopolitical environment. It is expected to begin operations in early 2026.
Atrium’s move into this sector comes amid ongoing changes in global risk, with insurers seeking to provide solutions for clients navigating uncertain political and credit conditions. John Fowle (pictured above), chief executive officer at Atrium, said the company’s entry into the credit and political risk market is a milestone in its ongoing development as a specialty underwriter.
“Our entry into the credit and political risk market marks a significant milestone for Atrium in our continued development as expert specialty underwriters and the home for market-leading talent,” Fowle said.
He noted that credit and political risk insurance is increasingly important for safeguarding investments and facilitating trade, particularly in a volatile geopolitical landscape.
The announcement follows a period of significant change for Atrium. In July, CRC Group, a major US-based insurance distributor, entered into an agreement to acquire Atrium Underwriting Group Ltd. from Stone Point Capital and other investors.
The acquisition, expected to close in the third quarter of 2025, marks CRC Group’s first investment outside North America. Under the agreement, Atrium will retain its name and continue to operate independently under its current leadership, including CEO John Fowle.
Financially, Atrium reported total comprehensive income of £61.97 million for the year ending December 31, 2024, with total assets of £2.367 billion and a net technical account profit of £63.8 million.
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