Aviva launches two new classes for Lloyd's market after Probitas buy

Aviva has launched two new classes of business on the Lloyd’s market through Probitas.

The two additional lines include political violence and terrorism (PVT), as well as accident and health, and have been available for binding since 1 February 2025.

PVT is a new line of business for Aviva, situated under its Global Corportate and Specialty (GCS) crisis management division.

It is designed to protect international companies against global exposures to political violence and terrorism, including incidents such as civil commotion, riots, strikes, terrorism and war.

Both lines of business will be written by Aviva’s existing underwriting leads, who have dual-stamp capability.

Luke Powis, head of crisis management for GCS at Aviva, said: “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 Aviva and Lloyd’s 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.”

Other launch

Aviva completed its £249m purchase of Probitas in July 2024, with the move officially marking the insurer’s entry into the Lloyd’s market.

The expansion builds on Probitas launching five news lines of business at the start of 2025, including marine, construction, renewable energy, contingency and event cancellation, as well as M&A.

Aviva said the availability of additional lines on Lloyd’s will further its GCS offering, ”bringing it to new brokers, clients and markets worldwide”.

Antony Dodson, chief underwriting officer and active underwriter at Probitas Syndicate 1492, said: “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.”