Generali announced on 16 October 2026 that it plans to enter Lloyd's with its first syndicate, Syndicate 2031 Red Bridge. Lloyd's has given in-principle approval for the syndicate to begin underwriting on its platform in 2027; underwriting has not yet started.
The syndicate's business will be a share of Generali's own outward reinsurance placements across multiple lines. Part of the reinsurance that the group cedes will therefore be written by a vehicle on the Lloyd's platform. Reinsurance News reported that Generali's outward book has significant exposure to continental Europe and a mix of retail and middle-market business across several classes and territories.
Generali links the move to its Lifetime Partner 27: Driving Excellence plan and to access to diversified sources of risk capital. Franco Urlini, the group's P&C and reinsurance officer, called the launch an important milestone in its reinsurance strategy, which has "the goal to optimise capital at Group level". Dawn Miller, Lloyd's chief commercial officer, said Lloyd's wants to attract the leading global underwriters.
Generali's release does not name a managing agent, give a capacity figure for 2027, or say when Generali expects final permission to underwrite.
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Generali ↗Company · 16 Oct 2026
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