Polo Managing Agency (often shortened to PMA), a UK-based Lloyd’s managing agency and part of the wider PoloWorks insurance services group, has brought three new Lloyd’s syndicates into the market, all underwriting from 1 January 2026.
The launches cover Atradius Syndicate 1864, Aurora Syndicate 1890, and OAK Enterprise Syndicate 1440.
Polo operates as a turnkey platform, providing full managing-agency services for existing and start-up Lloyd’s syndicates, including those using “syndicate in a box” structures.
PMA acts as the turnkey managing agency for all three platforms. That remit covers underwriting governance, regulatory oversight, and day-to-day operational management. One agency. Three different risk profiles. Same infrastructure underneath.
Each syndicate enters Lloyd’s with a distinct proposition.
- Atradius Syndicate 1864 writes trade credit risk, supporting financial institutions and lenders across Europe.
- Aurora Syndicate 1890 operates as a reinsurance vehicle backed by Oaktree Capital, reinsuring business written by Allianz and adding rated capacity to the market.
- OAK Enterprise Syndicate 1440 focuses on property and specialty retrocession, a niche that still draws disciplined capital.
Alongside PMA, Polo Commercial Insurance Services is supplying outsourced services tailored to each syndicate.
That includes digitised underwriting support for Syndicate 1890 and full data processing across all three platforms, running through PoloWorks’ insurance technology stack. Built for volume rather than theatre.
Paul Andrews, chief executive officer of PoloWorks and Polo Managing Agency, said supporting three syndicates into live underwriting for the 2026 year shows the group’s ability to deliver complex Lloyd’s platforms quickly.
He pointed to the underwriting depth behind each launch and said PMA aims to support them as they establish their footing in the market.
Supporting three new syndicates into live underwriting for the 2026 year demonstrates our ability to deliver complex platforms at pace.
Paul Andrews, CEO of PoloWorks and Polo Managing Agency
“Each of these businesses brings strong underwriting capability to Lloyd’s, and we are proud to support them as they establish themselves in the market,” Paul Andrews says.
The additions increase Lloyd’s specialist capacity in trade credit, reinsurance, and retrocession. According to Beinsure analysts, launches like these signal steady investor demand for structured, well-governed access to Lloyd’s without the friction of building standalone infrastructure.
They also reinforce PMA’s role as a flexible partner, working with both established global groups and newer entrants looking for tailored routes into the Lloyd’s market.
