Allianz Commercial has received in-principle approval from Lloyd’s for a new syndicate, Allianz Commercial 1893, which it hopes will begin underwriting from 1 January 2027. The plans are subject to final regulatory approval.

The new vehicle will give Allianz Commercial improved access to a range of specialty facilities and selected MGA businesses at Lloyd’s, which accounts for around half of the total London market.

Thomas Lillelund, CEO of Allianz Commercial, said: “The new syndicate will establish a long-term direct underwriting presence for Allianz Commercial in one of the world’s leading specialty markets. It will expand our access to specialist business and strengthen our ability to serve clients and brokers facing increasingly complex and international risks.”

Dawn Miller, CCO of Lloyd’s and CEO of Lloyd’s Americas, added: “We are delighted to welcome this new Allianz syndicate to the Lloyd’s market. The decision to launch at Lloyd’s not only reflects our history of bringing together the world’s leading risk takers but is also a vote of confidence in the market’s unique advantages in servicing multinational, specialty and complex risks at scale.”