Global credit insurer Atradius has been granted ‘in principle’ approval from Lloyd’s for the new Atradius Syndicate 1864, aiming for 1 January 2026 as its start date for underwriting. The syndicate 1864 will focus on trade credit risks, initially targeting new and existing European clients in the financial industry sector.

Atradius says the syndicate will enhance its operations, which include trade credit insurance, surety, and collection services in over 50 countries, with access to credit information on 200m companies worldwide.

Atradius has received support from PoloWorks and Aon Capital Advisory throughout the application process and will continue collaborating with them following the ‘in principle’ approval granted by Lloyd’s Council on 15 July until permission to underwrite is granted.

David Capdevila, CEO at Atradius, said: “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. We eagerly look forward to collaborating with Polo and the entire Lloyd’s team to carve out our niche in the Lloyd’s market.”