Aviva completes deal to acquire Probitas business

Following on from the announcement on the 4 March, today Aviva announces it has completed the acquisition of Probitas.

This is a key milestone for our Global Corporate & Specialty (GCS) business as we re-enter the Lloyd’s market. The Probitas business, when combined with Aviva’s existing underwriting capabilities, broker relationships and capital base, will enhance our service offering and proposition to meet more of our customers’ needs. 

It also represents a significant growth opportunity now we have increased access to international licences and broader distribution networks.

This is an exciting time for us all, and over the coming months, we’ll continue to integrate our businesses to further accelerate our ambitions to become a leading London Market dual-platform insurer.

Here’s what Jason Storah, Chief Executive Officer of Aviva UK & Ireland had to say.

“I’m delighted to confirm that Probitas is now part of the Aviva Group. Our ability to access the Lloyd’s market represents a significant growth opportunity for us, and further enhances our broker and customer proposition. I'm also delighted to officially welcome Ash Bathia, CEO, Probitas, to my leadership team. Ash brings with him a wealth of market knowledge, which when combined with our already strong GCS leadership team under Matt Washington will accelerate the growth of this area of the business. Following positive engagement over the last few months, I’m delighted to be formally welcoming Probitas to Aviva and bringing our businesses together.”