8th January 2026

Polo Managing Agency (PMA), part of the PoloWorks group, confirms the successful launch of three new Lloyd’s syndicates – all of which commenced underwriting from 1 January 2026. The three syndicates bring distinct underwriting propositions to the market:

• Atradius Syndicate 1864, focused on trade credit risks, supporting lenders and financial institutions across Europe
• Aurora Syndicate 1890, a reinsurance syndicate backed by Oaktree Capital reinsuring business underwritten by Allianz, bringing high quality reinsurance business and additional capacity to Lloyd’s
• OAK Enterprise Syndicate 1440, underwriting property and specialty retrocession business

PMA, the turnkey managing agency for all three platforms, is delivering the full suite of managing agency services across all three launches, encompassing underwriting governance, regulatory oversight and operational management.

In addition, 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.

Together, PoloWorks’ core divisions – PMA and PCIS – offer clients a seamless, end‑to‑end service underpinned by deep expertise, operational excellence, and high standards of professionalism. 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.”

The launches expand specialist capacity at Lloyd’s across trade credit, retrocession, and reinsurance, and reflect continued investor demand for efficient, well-governed routes into the market. They also reinforce PMA’s role as a trusted, flexible partner, supporting both new entrants and established global groups seeking tailored routes into Lloyd’s