Earlier this year, we announced we had completed the acquisition of Probitas, marking our entry into the Lloyd’s market and underpinning our ambition to be a leading dual-platform London Market insurer. The deal signified our intent to bring the best of Aviva, our Global Corporate & Specialty (GCS) offering and the Probitas business to new attractive markets.
We’re delighted to announce another significant step in the integration of our businesses.
Expanded offering in Lloyd’s
Probitas is now offering five new lines of business, marking a milestone in the integration with Aviva. The five new classes of business are available now for a quote:
- Marine (Cargo, Fine Art & Specie, and Ports & Terminals)
- Construction
- Renewable Energy
- Contingency/Event Cancellation
- Mergers & Acquisitions (M&A)
This development marks a significant step in the strategic integration plan. Over the past few months, we’ve been working closely with Probitas to leverage our combined strengths. This has included seconding 46 Aviva underwriters into Probitas to enhance underwriting capacity and support growth to deliver the 2025 Syndicate Business Forecast (SBF).
The additional lines we’ll now write in the Lloyd's market helps to expand our Global, Corporate & Specialty (GCS) offering, bringing this to new markets and customers, as well as bolstering the Probitas offering with new underwriting capability.
The five new classes can be bound from 1 January 2025. For consistency, these lines will be written by our existing underwriting leads who now have dual-stamp capability.
We’ll continue to assess opportunities over the coming months as we plan to underwrite additional new lines of business through Probitas as part of the continued integration.
By introducing these new classes, we are not only expanding our product offering but also reinforcing our commitment to providing comprehensive solutions to our brokers and clients. These new lines are our first step towards expanding Aviva’s offering, bringing the full GCS proposition to Lloyd’s and there is more to come.
Matt Washington - Managing Director, Global Corporate & Specialty at Aviva
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