Probitas launches five new classes after Aviva acquisition

Probitas has revealed five news lines of business it will offer after being acquired by Aviva.

Among the new classes include marine, construction, renewable energy, contingency and event cancellation, as well as M&A.

They will be available for quoting from today (12 November 2024) and can be bound from 1 January 2025.

These lines will be written by Aviva’s existing underwriting leads, who now have dual-stamp capability.

Antony Dodson, chief underwriting officer and active underwriter at Probitas, said: “Mirroring the Probitas product offering with that of Aviva, in markets where Lloyd’s is relevant, is a natural evolution following the Aviva acquisition earlier this year.

“Of course it will mean access to new business in those classes, but it will also allow us to provide more comprehensive solutions to our clients and affirm our importance with our broking partners.”

Expansion

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 additional lines form part of the integration plan, with them helping Aviva expand its global, corporate and specialty (GCS) arm.

Matt Washington, managing director of GCS at Aviva, said: “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 wider GCS proposition to Lloyd’s – and there is more to come.”