Probitas has announced the addition of five new lines of business following its integration with Aviva, including Marine (Cargo, Fine Art & Specie, Ports & Terminals), Construction, Renewable Energy, Contingency/Event Cancellation, and Mergers & Acquisitions (M&A).
Aviva completed its £249 million acquisition of Probitas in July 2024, marking its entry into the Lloyd’s market.
In recent months, Aviva and Probitas have worked closely to maximise their combined strengths, including seconding 46 Aviva underwriters to Probitas to boost underwriting capacity and support growth to deliver the 2025 Syndicate Business Forecast (SBF).
The additional lines Aviva will now write in the Lloyd’s market expand its Global Corporate & Specialty (GCS) offerings, reaching new markets and customers while enhancing Probitas’ underwriting capabilities.
These five new lines have been available for quotes since November 1, 2024, and can be bound starting January 1, 2025. To ensure consistency, Aviva’s existing underwriting leads, now with dual-stamp authority, will write these lines.
Matt Washington, Managing Director, Global Corporate & Specialty at Aviva, stated, “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.”
