Awbury plans Lloyd’s credit risk syndicate for 2025
A new Lloyd’s syndicate focused on credit risks will be able to commence underwriting from January next year after securing in principle approval from Lloyd’s.
Awbury Syndicate 2025 has been launched by Bermuda-based speciality insurer Awbury Group and will be managed by London-based MGA Polo Managing Agency.
According to a statement, Awbury Syndicate will be focused on credit risks and will primarily target European banks and asset managers.
“We believe that our expertise and specialist knowledge in credit and financial risks, as well as our positive and decades-long relationship with Lloyd’s through our various insurance businesses, makes for a uniquely attractive opportunity to work at Lloyd’s and utilise its innovative and universally respected and unique underwriting platform for the benefit of our clients and partners,” said Alex Dubitsky, Awbury Group CEO.
“We have been pleased to support Awbury throughout this process and look forward to working with Awbury and Polo through our PoloPartners joint venture as they build a successful Lloyd’s business,” said Andy Moore, PwC UK London market leader, who advised on the application.
