Aviva leader to take on chief executive role at Probitas 1492

Aviva-owned Lloyd’s underwriting syndicate Probitas 1492’s chief executive Ash Bathia has decided to step down from his role in July 2025.

Nick Bacon, the firm’s managing director, has also decided to retire on the same date, with both him and Bathia planning to continue in an advisory capacity. 

Matthew Washington, managing director for global, corporate and specialty at Aviva, will assume chief executive responsibilities for Probitas following the departure of Bathia as part of his role at Aviva. 

Aviva completed its acquisition of the Lloyd’s insurance platform for £249m in Summer 2024, with the business having since announced its “best ever” financial result for 2024.

Bathia commented: ”After 46 years in this amazing industry, the time has come for me to pass on the baton to the next generation.

”I am immensely proud of our people and what we have achieved together over the past 10 years. It has been a privilege to have been part of this incredible journey and I have complete confidence that the team will continue to build on this legacy and carry our vision forward.”

Market connectivity

Commenting on the departure of Bathia and Bacon, Aviva chief executive for general insurance in the UK and Ireland Jason Storah said: ”Over the last decade, Bathia has built an incredibly successful Lloyd’s franchise and paved the way for Aviva’s entry to the Lloyd’s market, through our acquisition of Probitas.

“His vision and commitment have been instrumental to the Probitas success and his extensive experience and market connectivity will be invaluable as we continue to build out our London market and speciality operations.

“We extend our sincere thanks to Bathia and Bacon and wish them all the best in their retirements.”