Lloyd's gives in-principle approval for Atradius syndicate launch

By Ashish Tiwari

July 21 - (The Insurer) - Lloyd's has granted in-principle approval to Atradius to launch a new syndicate focused on trade credit insurance, the global credit insurer said on Monday.

Atradius Syndicate 1864 aims to begin underwriting from January 1, 2026, initially targeting new and existing European clients in the financial sector.

"Our specialised expertise in trade credit risks presents a compelling opportunity to collaborate with Lloyd's. We can deliver exceptional value to our clients and partners," said David Capdevila, Atradius' CEO.

Atradius said it was working with PoloWorks and Aon Capital Advisory on the launch of the syndicate.

The announcement marks the second trade credit syndicate to be announced at Lloyd's in the past week.

French credit insurer Coface said on July 16 it had received in-principle approval from Lloyd’s to launch a new short-term trade credit syndicate, marking its entry into the Lime Street market.

Coface Syndicate 2546 will be managed by Apollo Syndicate Management and is expected to begin underwriting later in 2025.