15th April 2026

Polo Managing Agency (PMA), part of PoloWorks, a Marco Capital Group company, has supported the successful launch and underwriting commencement of the Niyam Syndicate 2047 at Lloyd’s.

Syndicate 2047 began underwriting on 1 April 2026 and is the first Lloyd’s syndicate established in GIFT City, India’s international financial centre, marking a significant milestone for the market.

The launch represents the latest in a series of syndicates brought to market by PMA. Across its most recent launches at 1 January 2026, PMA has supported over £700m of Gross Written Premium, reflecting continued demand for execution-focused partners within the Lloyd’s market.

Paul Andrews, CEO of PoloWorks, said: “The successful launch of Syndicate 2047 reflects a clear shift in the market. Founders are no longer looking for providers who can simply host a syndicate, they are looking for partners who can deliver.

PoloWorks is building a strong track record of launching and supporting high-quality syndicates, with over £700m of GWP across syndicates launched in 2026. We are seeing increasing demand from entrepreneurial businesses entering Lloyd’s.

This is not just about bringing syndicates to market, it is about building sustainable, well-governed businesses that can perform over the long term.”

Bobby Swarup, Founder and CEO of Niyam Group, said: “I am grateful for the support from PoloWorks in bringing Syndicate 2047 to market. Their partnership has been instrumental in establishing our syndicate, focused on India and marking the first launch in GIFT City. We look forward to continuing to work together as the syndicate develops.”

Syndicate 2047 focuses on providing disciplined reinsurance capacity to India and other high-growth markets, reflecting continued interest in expanding into underserved regions.

Polo Managing Agency supports clients from initial concept through to underwriting and ongoing operations, providing governance, infrastructure, and oversight within the Lloyd’s market.