Allianz and Oaktree join forces to launch reinsurance syndicate at Lloyd’s

Written by Adam Cadle

08/12/2025

Allianz and Oaktree Capital Management have joined forces to launch a new reinsurance syndicate at Lloyd’s.

Syndicate 1890, which will begin underwriting from 1 January 2026, will participate as a multi-year partner on Allianz’s outwards reinsurance program.

Oaktree will both fund the syndicate and act as investment manager for the syndicate’s assets.

Thorsten Fromhold, chief group reinsurance officer, Allianz SE Reinsurance, said: “Allianz’s underwriting portfolio is marked by its quality and diversity, making it a strong candidate for strategic reinsurance partnerships. The launch of this Lloyd’s syndicate highlights the strength of the portfolio we are ceding and our consistent approach to reinsurance, which is an important contributor to Allianz’s resilience.

“Our multi-year agreement with Oaktree will complement our existing strong relationships with traditional reinsurers. Leveraging the Lloyd’s platform allows us to pursue tailored and innovative transactions that enhance these partnerships.”

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