Reinsurance News
Aviva
Aviva to adopt hx’s full suite of AI-powered capabilities
11th December 2025
hyperexponential (hx), a pricing and underwriting platform for re/insurers, has expanded its strategic partnership with Aviva to accelerate the British insurers’ AI-powered underwriting and pricing transformation. This builds on the announcement in July 2025, with Aviva leading hx’s AI beta programme, spearheading the exploration of the newly launched Actuarial Agent ... Read the full article
Aviva’s General Insurance premiums rise 12% to £10bn in 9M’25
14th November 2025
British insurer Aviva reported General Insurance premiums of £10 billion in the first nine months of 2025, up 12% from £9.1 billion in the same period a year earlier. By region, UK & Ireland General Insurance premiums increased 17% to £6.7 billion from £5.7 billion, with 24% growth in Personal Lines ... Read the full article
Aviva appoints Richard Taylor as Head of Cyber & Tech E&O
3rd November 2025
British insurer Aviva has announced the appointment of Richard Taylor as Head of Cyber & Tech E&O. Following Aviva’s acquisition of Probitas Holdings (Bermuda) Limited for a consideration of £249 million in July 2024, Taylor takes on a wider role within the Aviva Group, leading all Cyber and Tech E&O ... Read the full article
MX expands London market capabilities through multi-year partnership with Aviva
24th October 2025
MX, the underwriting division of Specialist Risk Group (SRG), has entered into a strategic multi-year delegated distribution agreement with Aviva to support Trilogy Underwriting. This partnership is expected to generate over £100 million in gross written premium, strengthening MX’s London Market capabilities and accelerating its growth across the UK. With an expanding ... Read the full article
Aviva completes £160m BPA with SG Pension Fund
25th September 2025
Insurance and financial services company Aviva has completed a £160 million bulk purchase annuity (BPA) buy-in with the SG Pension Fund, securing the benefits of more than 1,900 members. The scheme sponsor is Portakabin Limited, a provider of modular building infrastructure. The trustees were advised by Aon, who led the process, ... Read the full article
Aviva grows operating profit 22% to £1.1bn in H1’25
14th August 2025
British insurer Aviva has reported an operating profit of £1.1 billion in the first half of 2025, representing a 22% increase from £875 million in the same period a year earlier. General insurance premiums increased 7% to £6.3 billion in H1’25 from £6 billion in H1’24. By region, UK&I General Insurance premiums ... Read the full article
Aviva and hx expand partnership to advance AI in London Market pricing
15th July 2025
Building on their existing partnership, Aviva is set to lead hyperexponential’s (hx) AI beta programme, spearheading the exploration of the newly launched Actuarial Agent within hx Renew. The Actuarial Agent will reportedly support a range of targeted use cases designed to augment the expertise of Aviva’s underwriters and brokers, such as ... Read the full article
Aviva to strengthen cyber exposure management with CyberCube partnership
19th May 2025
CyberCube, a provider of cyber risk analytics, has partnered with US insurer Aviva to harness artificial intelligence (AI) for cyber threat actor intelligence. This partnership will see Aviva use CyberCube’s ‘Portfolio Threat Actor Intelligence’ service and its suite of cyber analytics software, which in turn will strengthen the insurer’s cyber exposure ... Read the full article
Aviva ‘off to a great start’ with GI premium growth of 9% in Q1’25
15th May 2025
British insurer Aviva has reported general insurance (GI) premium growth of 9% to £2.9 billion in the first quarter of 2025, compared to £2.7 billion in the comparative prior year quarter. Country-wise, UK&I GI premiums grew by 12% to £2 billion in Q1’25, compared to £1.8 billion in Q1’24. Personal lines ... Read the full article
Probitas confirms CEO and MD retirement amid post-acquisition realignment
24th April 2025
Probitas, a Lloyd’s syndicate acquired by Aviva in 2024, has confirmed that CEO Ash Bathia and Managing Director Nick Bacon will retire from their roles on 31 July 2025. Founded as a Lloyd’s platform with a focus on specialty insurance, Probitas has grown into a syndicate with approximately ... Read the full article
Probitas posts record results in 2024 with NCOR of 77.9%
13th March 2025
Probitas 1492 has achieved its seventh consecutive year of excellent financial performance in 2024, posting an undiscounted Net Combined Operating Ratio (NCOR) of 77.9% and UK GAAP pre-tax profit of £62 million, representing a 17% increase compared to 2023. 2024 also marks the fourth consecutive year of delivering an NCOR below ... Read the full article
Aviva’s operating profit hits £1.77bn in 2024 as GI premiums climb 14%
27th February 2025
Aviva reported a group operating profit of £1.767 billion for 2024, marking a 20% increase from £1.467 billion in 2023, driven by continued strategic and operational momentum. At the same time, Aviva's General Insurance premiums were up 14% to £12.204 billion, with an undiscounted combined ratio of 96.3% and discounted combined ... Read the full article
Aviva accelerates Probitas integration with launch of two new lines on Lloyd’s market
6th February 2025
Two new lines of business from Aviva’s Global Corporate & Specialty (GCS) division—Political Violence and Terrorism (PVT) and Accident and Health—are now available on the Lloyd’s market through Probitas. This expansion further accelerates Aviva’s GCS business and marks another significant step in the company’s strategic integration of Probitas following its ... Read the full article
Colthrop Board Mill Pension Scheme completes £23m buy-in with Aviva
3rd February 2025
The Colthrop Board Mill Pension Scheme has completed a £23 million buy-in with Aviva, securing the benefits of 69 deferred members and 152 pensioners. First Actuarial led the transaction, working closely with Aviva and legal adviser, Osborne Clarke to complete. First Actuarial provided actuarial, investment and administration services. Aviva provided an attractive ... Read the full article
Aviva and Direct Line reach preliminary agreement on takeover deal
6th December 2024
Aviva and Direct Line have announced that they have reached a preliminary agreement on the financial terms of a potential acquisition of Direct Line's entire share capital by Aviva. This newly agreed deal represents a total consideration valued at 275 pence per Direct Line share (£3.6bn), an increase from the 250 ... Read the full article
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