Polo Managing Agency (PMA), part of the PoloWorks group, has successfully launched three new Lloyd's syndicates, all commencing underwriting on Jan. 1, 2026.
The launches strengthen specialist capacity at Lloyd's across trade credit, reinsurance and property retrocession.
Three new syndicates
The new syndicates include Atradius Syndicate 1864, focused on trade credit risks and supporting lenders and financial institutions across Europe; Aurora Syndicate 1890, a reinsurance vehicle backed by Oaktree Capital that reinsures business underwritten by Allianz; and OAK Enterprise Syndicate 1440, which writes property and specialty retrocession business. Each brings distinct underwriting propositions and additional capacity to Lloyd's.
PMA is providing full managing agency services across the launches, covering underwriting governance, regulatory oversight and operational management. Polo Commercial Insurance Services (PCIS) complements this with outsources support tailored to each client, including digitised underwriting for Aurora Syndicate 1890 and full data processing across all three syndicates through PoloWorks' scalable technology infrastructure.
"Supporting three new syndicates into live underwriting for the 2026 year demonstrates our ability to deliver complex platforms at pace," said Paul Andrews, CEO of PoloWorks and PMA. "Each of these businesses brings strong underwriting capability to Lloyd's."
The launches signal continued appetite among investors and corporates for targeted, efficient routes into Lloyd's. The addition of trade credit, reinsurance and retrocession capacity aligns with growing demand in specialty sectors, while also highlighting the importance of robust operational and technological infrastructure to manage multiple syndicates simultaneously.
Increasing access to specialist coverage
For brokers and SMEs, the launches could translate into increased access to specialist coverage previously harder to secure. Trade credit and property retrocession capacity are particularly relevant for smaller businesses and financial institutions navigating complex risks, while tailored reinsurance offerings could support insurers in writing more bespoke or higher-risk policies.
The flexibility and scale offered by these new syndicates may also enable faster turnaround times and improved product innovation, potentially creating opportunities for brokers to deliver more competitive solutions to their clients.
