Allianz Commercial has established a direct underwriting syndicate at Lloyd’s that is expected to start trading in January.

“The new syndicate will establish a long-term direct underwriting presence for Allianz Commercial in one of the world’s leading specialty markets,” CEO Thomas Lillelund said.

“It will expand our access to specialist business and strengthen our ability to serve clients and brokers facing increasingly complex and international risks.”

Allianz Commercial 1893 has secured in-principle approval from Lloyd’s while regulatory clearance is pending.