Credit insurer Atradius has received final regulatory approval to begin underwriting business through Lloyd’s Syndicate 1864, starting from 1 January 2026.  

The move, following the initial “in principle” approval in July, is expected to expand Atradius’ international operations and increase its access to the Lloyd’s market.

The syndicate will underwrite trade credit risks, initially serving both new and existing customers within the European financial sector.  

Credit insurance is expected to assist lenders in managing portfolio risk, improving capital allocation and supporting growth, while limiting exposures. 

The syndicate will be launched by Atradius in partnership with Polo Managing Agency, which will provide turnkey services.  

The company leverages 200 million companies’ credit data to help businesses mitigate payment risks when trading on credit. 

PoloWorks and Polo Managing Agency CEO Paul Andrews said: “Polo Managing Agency is extremely proud to have collaborated on the launch of another Trade Credit syndicate, supporting the continued growth of the Lloyd’s market through the very significant expertise of Atradius.”  

Clients relying on Lloyd’s Syndicate 1864 will have access to Lloyd’s network of licences, resources and financial strength rating.  

Atradius said that operating via Lloyd’s provides access to a broad spectrum of regulatory permissions and infrastructure. 

Atradius CEO David Capdevila said: “Getting approval to underwrite at Lloyd’s is a major step forward. It shows confidence in our expertise and the strength of our proposition.  

“We are proud to join the Lloyd’s market and bring our credit risk specialisation to more clients around the world. This partnership helps us offer even more value, and we are ready to make it count.”  

In July 2025, Atradius announced changes to its senior management team, including the appointment of Andreas Tesch, formerly chief market officer, as the new chief risk officer.