Allianz SE and Oaktree Capital Management agreed to set up a reinsurance syndicate on the Lloyd’s of London market, the latest example of a private capital firm pushing into the non-life sector.The vehicle, named “Syndicate 1890,” will begin underwriting from Jan. 1, according to a statement on Monday. It will receive a share of Allianz’s reinsurance programs while Oaktree will fund the syndicate and manage its assets. The amount Oaktree is putting into the vehicle is in the hundreds of millions of US dolla ...

Global insurer Allianz has secured multi-year, AA-rated capacity via a partnership with Oaktree Capital Management L.P. which will see the investment manager establish a new reinsurance syndicate at the specialist Lloyd’s insurance and reinsurance marketplace.Syndicate 1890 will commence underwriting from January 1st, 2026, and will participate as a multi-year partner on Allianz’s outwards reinsurance programme.The new syndicate enables Allianz to take advantage of the increased appetite of capital markets ...