To further expand our offering available and provide additional placement capability, Political Violence and Terrorism (PVT) and Accident and Health (A&H) are now available to quote and bind via Lloyd’s.
This expansion represents further acceleration of our Global, Corporate & Specialty (GCS) business and is another significant milestone in the integration of Probitas, showcasing how closely the teams have been working over the last seven months.
PVT is a new line of business for us and forms part of the newly created Crisis Management team. It's designed to protect international companies against global exposures to political violence and terrorism, including incidents such as civil commotion, riots, strikes, terrorism and war among others.
The new offering complements the Crisis Management Division’s Accident and Health and Contingency propositions, with the latter already available on the Lloyd’s market.
The availability of additional lines on Lloyd’s will further enhance the GCS offering, bringing it to new brokers, clients and markets worldwide, as well as continuing to bolster Probitas with increased underwriting capability. For consistency, the new lines will be written by Aviva’s existing underwriting leads, who have dual-stamp capability.
Luke Powis, Head of Crisis Management for Commercial Underwriting & GCS at Aviva, says:
“Aviva’s dedicated GCS Crisis Management team brings together decades of experience in helping international businesses navigate and protect against an ever-evolving geopolitical landscape, so we’re excited to enhance our product offering through our new Political Violence and Terrorism proposition.
“Introducing this new class of business to the Lloyd’s market, alongside Accident and Health and Contingency, now means the full suite of crisis management products are available to brokers across both company and Lloyds platforms. This not only cements our commitment to providing comprehensive insurance solutions for our brokers and clients, but also provides access to previously unavailable markets, unleashing a wealth of untapped opportunities for Aviva’s GCS business.”
Antony Dodson, Chief Underwriting Officer, and Active Underwriter for Probitas Syndicate 1492, says:
"We are pleased to begin writing Accident and Health and Political Violence and Terrorism classes through Probitas Syndicate 1492. Together with the previous lines added, we are now able to offer a comprehensive suite of marine and specialty products on the Lloyd's platform. We are looking forward to working with our clients and broking partners as we grow our business in the future."
The two new classes available on the Lloyd’s market shift Aviva one step closer towards our goal of becoming a leading dual-platform London Market insurer. We'll continue to assess opportunities to underwrite additional new lines of business through Probitas as it progresses the integration across 2025.