Atradius Logo
Global credit insurer Atradius has received provisional approval from Lloyd’s for its new venture, Atradius Syndicate 1864, which aims to commence underwriting on January 1, 2026. This initiative will primarily focus on trade credit risks, specifically targeting both new and existing clients within the European financial sector.
The announcement came from the company’s offices in Amsterdam and London on July 21, 2025. The establishment of Syndicate 1864 is expected to bolster Atradius’ operations, which currently span over 50 countries and include trade credit insurance, surety, and collection services. Atradius boasts access to credit information on approximately 200 million companies globally, enabling it to provide robust protection against payment risks associated with trade credit.
Atradius has collaborated closely with PoloWorks and Aon Capital Advisory throughout the application process. Following the ‘in principle’ approval from Lloyd’s Council on July 15, the company will continue to work with these partners until it receives full permission to begin underwriting.
Opportunities and Support from Lloyd’s
The partnership with Lloyd’s is anticipated to offer significant advantages to Atradius’ clientele. Underwriting through the Lloyd’s platform allows access to a network of licenses and resources, enhancing clients’ abilities to manage risks effectively and expand their reach. The strong financial ratings associated with Lloyd’s further solidify the trust clients can place in the services provided.
Additionally, Lloyd’s offers a comprehensive regulatory framework that aligns with Atradius’ commitment to high standards of compliance and operational efficiency. This synergy is expected to foster an environment where both organizations can thrive.
David Capdevila, CEO of Atradius, expressed enthusiasm about the new syndicate, stating, “Our specialized expertise in trade credit risks presents a compelling opportunity to collaborate with Lloyd’s. By leveraging Lloyd’s renowned and innovative underwriting platform, we can deliver exceptional value to our clients and partners.”
Expert Support for Launch
The launch of Atradius Syndicate 1864 has garnered support from key figures in the industry. Paul Andrews, CEO of Polo Managing Agency, affirmed the importance of this collaboration, noting that it enhances Lloyd’s capacity within the trade credit market. He remarked, “In a dynamic and innovative sector, PoloWorks is proud to support the launch of the Atradius syndicate at Lloyd’s.”
Furthermore, Mike Cane, Head of Capital Advisory for Aon Reinsurance Solutions, highlighted the significance of this approval, calling it a milestone for the trade credit insurance sector. He stated, “Aon Capital Advisory is proud to have supported Atradius in this endeavour, and 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.”
Atradius is recognized as a leading provider of credit insurance, bonding, collections, and information services worldwide. With its strategic presence and commitment to safeguarding its clients against default risks, the launch of Syndicate 1864 marks a notable expansion in its offerings and capabilities.
For more information about Atradius and its services, visit their website at https://group.atradius.com.
