Global credit insurer Atradius has secured final regulatory approval for Lloyd’s Syndicate 1864, clearing the way for underwriting to begin on 1 January 2026.
The syndicate received Lloyd’s in-principle approval in July and will concentrate on trade credit risks, initially serving new and existing clients across Europe’s financial sector.
The move places Atradius directly inside the Lloyd’s market rather than operating alongside it.
Credit insurance remains a practical tool for lenders facing uncertain conditions. It helps protect loan portfolios, supports capital efficiency, and allows growth without overstretching balance sheets.
In choppy markets, that protection often becomes less optional and more operational.
Atradius brings deep credit risk expertise to the table, paired with Lloyd’s long-established standing in global insurance.
Together, the structure gives clients access to a credit insurance offering designed for scale and cross-border reach, without adding unnecessary complexity.
The insurer launched the syndicate with Polo Managing Agency, which provides turnkey services. The arrangement extends Atradius’ operational and collections capabilities, supported by its presence in more than 50 countries.
Atradius holds credit data on roughly 200 mn companies worldwide. Its products focus on protecting businesses against payment risk tied to trade credit, a pressure point for suppliers and lenders alike.
That data set will feed directly into underwriting decisions at the Lloyd’s syndicate.
Writing business through Lloyd’s brings its own advantages. Clients gain access to Lloyd’s financial strength rating, broad licensing footprint, and established operational standards.
Atradius said those features match its own compliance and efficiency requirements rather than forcing compromises.
David Capdevila, chief executive of Atradius, said approval to underwrite at Lloyd’s marks a major milestone for the group.
He said the decision reflects confidence in Atradius’ credit risk capability and allows the company to extend its reach to more clients globally. Capdevila added that the company is ready to turn that access into measurable results.
Getting approval to underwrite at Lloyd’s is a major step forward. It shows confidence in our expertise and the strength of our proposition.
David Capdevila, Chief Executive Officer of Atradius, said
“This partnership helps us offer even more value, and we’re ready to make it count,” David Capdevila said.
Paul Andrews, chief executive of PoloWorks and Polo Managing Agency, said the firm was pleased to support the launch of another trade credit syndicate. He said Atradius brings substantial expertise to the Lloyd’s market, supporting its continued growth.
“Polo Managing Agency is extremely proud to have collaborated on the launch of another Trade Credit syndicate, supporting the continued growth of the Lloyd’s market through the very significant expertise of Atradius,” Paul Andrews, Chief Executive Officer of PoloWorks and Polo Managing Agency, noted.
