Atrium, the specialty insurance group at Lloyd’s, has announced the formation of a dedicated credit and political risk team, to be led by industry veteran Richard Lamb.
Lamb, who brings more than 27 years of experience in the sector, will be joined by colleagues Beth MacGregor and Adam Vulliamy. The trio, all formerly with Axis Capital, are expected to take up their new roles at Atrium in the first quarter of 2026 once their contractual obligations are completed.
The new team will focus on building a credit and political risk portfolio designed to meet changing client needs and address the challenges of an increasingly complex geopolitical environment. Operations are slated to commence in early 2026. Lamb emphasised that credit and political risk insurance plays a vital role in protecting investments and supporting trade flows in today’s volatile global climate.
This strategic expansion comes amid a period of transformation for Atrium. In July, US-based distributor CRC Group announced an agreement to acquire Atrium Underwriting Group Ltd. from Stone Point Capital and other investors. The transaction, expected to close in the third quarter of 2025, marks CRC’s first international acquisition. Under the deal, Atrium will retain its brand and continue to operate independently under its existing leadership, led by CEO John Fowle.
Atrium’s strong financial performance further underscores its growth trajectory. For the year ending December 31, 2024, the group reported total comprehensive income of £61.97 million, total assets of £2.367 billion, and a net technical account profit of £63.8 million.
