Credit insurer Atradius has received ‘in principle’ approval from Lloyd’s to establish a new syndicate from 1 January 2026.  

The forthcoming Atradius Syndicate 1864 will concentrate on underwriting trade credit risks, with an initial focus on European clients. 

Atradius, which offers trade credit insurance, surety and collections services, maintains a footprint in more than 50 countries.  

The company said it has access to 200 million companies’ credit information worldwide, supporting its core service of protecting businesses from payment default risks inherent in trade credit. 

The company received support from PoloWorks and Aon Capital Advisory, and will continue until it obtains full underwriting permission. 

By underwriting through the Lloyd’s platform, Atradius Syndicate 1864 is expected to provide its clients with the benefits associated with Lloyd’s financial ratings and its network of licences and resources.  

Atradius CEO David Capdevila said: “Our specialised 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.” 

Additionally, Atradius announced recent changes to its management board. Andreas Tesch, previously the company’s chief market officer, has been appointed as the new chief risk officer, taking over from Christian van Lint, who is retiring.