Allianz and Oaktree launch new reinsurance syndicate at Lloyd’s

Core Insights - Allianz has partnered with Oaktree Capital Management to establish a new reinsurance syndicate, Syndicate 1890, at Lloyd's, which is expected to enhance Allianz's reinsurance capabilities and access to capital markets [1][2][4]. Group 1: Partnership and Syndicate Formation - The new Syndicate 1890 will begin underwriting on January 1, 2026, and will serve as a multi-year partner in Allianz's outward reinsurance program [2]. - Oaktree will provide funding for Syndicate 1890 and manage its investment assets, leveraging its expertise in the re/insurance sector [3][6]. Group 2: Strategic Importance and Benefits - Allianz's Chief Group Reinsurance Officer emphasized the quality and diversity of Allianz's underwriting portfolio, which positions the company well for strategic reinsurance partnerships [4]. - The partnership with Oaktree is expected to complement Allianz's existing relationships with traditional reinsurers and enhance operational efficiencies and flexibility for future growth [5]. Group 3: Market Reception and Future Outlook - Oaktree's Managing Director highlighted the innovative nature of Syndicate 1890, viewing it as a model for integrating alternative asset management with insurance [6]. - Lloyd's Chief Commercial Officer expressed enthusiasm for the new syndicate, noting its potential to connect insurance risk with capital effectively [6].