Polo Managing Agency (PMA), part of the PoloWorks group, has launched three new Lloyd’s syndicates: Atradius Syndicate 1864, Aurora Syndicate 1890, and OAK Enterprise Syndicate 1440 – all of which began underwriting from 1 January 2026.
PMA, which serves as the turnkey managing agency for all three platforms, is delivering the complete suite of managing agency services across all three launches, encompassing underwriting governance, regulatory oversight and operational management.
The three syndicates bring distinct underwriting propositions to the market:
- Atradius Syndicate 1864 – Specializes in trade credit risks, providing support to financial institutions and lenders throughout Europe.
- Aurora Syndicate 1890 – A reinsurance syndicate supported by Oaktree Capital, it reinsures business underwritten by Allianz, thereby introducing high-quality reinsurance and additional capacity to Lloyd’s.
- OAK Enterprise Syndicate 1440 – Focuses on underwriting property and specialty retrocession business.
Additionally, Polo Commercial Insurance Services (PCIS) is providing comprehensive support across a range of outsourced services, tailored to each client’s requirements.
These include digitised underwriting support for s.1890 and full data processing across all three syndicates via access to PoloWorks’ modern, scalable, and cost‑efficient insurance technology stack.
Paul Andrews, Chief Executive Officer of PoloWorks and Polo Managing Agency, said: “Supporting three new syndicates into live underwriting for the 2026 year demonstrates our ability to deliver complex platforms at pace. Each of these businesses brings strong underwriting capability to Lloyd’s, and we are proud to support them as they establish themselves in the market.”
These launches enhance Lloyd’s specialist capacity in key areas: trade credit, retrocession, and reinsurance. They are a clear indicator of continued investor appetite for efficient and well-governed entry points into the market.
Furthermore, they solidify PMA’s position as a flexible and trusted partner, supporting both established global entities and new participants who are looking for customised ways to access Lloyd’s.
