Atrium, a specialty insurer at the Lloyd’s insurance and reinsurance marketplace has been granted “in principle” approval from Lloyd’s to launch its new delegated property catastrophe and weather and climate risk-focused Syndicate 2026 and has secured backing from both traditional and institutional capital sources.For those unaware, Atrium currently manages Syndicate 609, which writes insurance and reinsurance business across property, casualty, and specialty business groups.As per Atrium, Syndicate 2026 will start underwriting from January 1, 2026, subject to the completion of all final approvals.The company also noted that the new syndicate will initially target gross written premiums (GWP) of $150 million for the 2026 year of account.

In addition, Atrium also said that Syndicate 2026 represents an important milestone in the organisation’s history and marks another important step in the delivery of its strategic transformation agenda.Syndicate 2026 has been provided with capital support from a combination of trade, institutional and traditional capital, while broker Aon and global independent investment bank Evercore provided capital advisory support.Industry veteran Rachel Grunert, who has over 30 years of extensive experience and deep underwriting expertise, following her time as an Accident & Health underwriter, will lead the new syndicate as Active Underwriter.

In addition to her new responsibilities, Grunert will continue to serve in her role as Head of Culture.John Fowle, Chief Executive Officer of Atrium, commented: “Today marks an important step in the delivery of our strategic transformation agenda as we expand our product offering and relevance to brokers and clients.“The launch of Syndicate 2026 enables us to maintain our leading reputation at Lloyd’s, which has, and always will be, a core part of Atrium’s DNA.

Underpinned by robust risk insights, driven by industry-leading talent, our new Syndicate complements Syndicate 609 and allows us to match new capital partners to risk in line with differing appetites.I am confident Syndicate 2026 will bring lasting value to our brokers and clients.” The upcoming launch of Syndicate 2026 clearly demonstrates institutional investors’ strong appetite for backing new Lloyd’s syndicate launches.It also highlights a growing trend among underwriters in the market to tap into more diverse capital sources..

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.Our can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.