HDI Global UK and Ireland will begin underwriting through Lloyd’s syndicate 2029 on 1st January 2027 after receiving the requisite permission to underwrite from the insurance market. The insurer announced it had received in principle permission in the summer.

Syndicate 2029 will write specialty and corporate insurance products including credit and political risk, accident and health, political violence and terrorism, fine art and specie, contingency, financial and professional lines, bloodstock, mining, marine cargo, cyber, digital solutions, medical malpractice and clinical trials.

The Lloyd’s vehicle forms part of the carrier’s Xcelerate29 growth strategy and Louise Radford will serve as acting underwriter and oversee the syndicate’s underwriting strategy, risk appetite and regulatory compliance.

Radford said: “The products in scope for Syndicate 2029 represent strategic growth areas for HDI, complementing our existing underwriting capabilities and giving clients and brokers greater choice and access to our specialist expertise through the Lloyd's globally recognised marketplace.”

Dawn Miller, chief commercial officer of Lloyd’s and CEO of Lloyd’s Americas, added: “As one of Europe’s leading commercial insurers, we are pleased to welcome HDI to the Lloyd's market. Their decision to establish a syndicate is a strong endorsement of the continued appeal of Lloyd’s and Lloyd’s Europe to our customers and partners across the continent and around the world.”

The syndicate will be launched and managed in partnership with PoloWorks.