November 13, 2024
Aviva’s Lloyd’s business Probitas announced it began to quote for five new classes of business – marine (cargo, fine art & specie, and ports & terminals), construction, renewable energy, contingency/event cancellation, and mergers & acquisitions (M&A), effective Nov. 1. This …
July 11, 2024
UK insurer Aviva announced it has completed the acquisition of Probitas Holdings (Bermuda) Ltd., which marks the company’s return to the Lloyd’s market after a hiatus of more than 20 years. The deal with Probitas, first announced in March, was …
March 4, 2024
Aviva plc announced it will acquire 100% of Probitas Holdings (Bermuda) Ltd., the parent company of the Probitas Group, for a minimum fixed consideration of £242 million (US$306.2 million). The transaction includes Probitas Managing Agency, which is the managing agent …
February 1, 2024
This edition of International People Moves details appointments at Probitas, Liberty Specialty Markets, and CFC. A summary of these new hires follows here. Probitas Appoints Botnick to Launch Canadian Service Company Probitas, the Lloyd’s insurer, announced appointment of Robbin Botnick …
November 28, 2023
Lloyd’s syndicate Probitas 1492 announced that Lloyd’s has given formal approval for its special purpose arrangement (SPA), which will begin underwriting in the 2024 year of account. The SPA, called “AdA SPA 2024,” aims to develop a diverse portfolio of …
September 8, 2023
Lloyd’s syndicate Probitas 1492 has announced the launch of a special purpose arrangement (SPA) for the 2024 year of account (YOA), after receiving in-principle approval from Lloyd’s. The SPA, called “AdA SPA 2024,” is headed up by ex-Munich Re Syndicate …
July 7, 2022
Probitas 1492, the Lloyd’s insurer, has started underwriting cyber insurance with Richard Taylor, head of Cyber & Technology, focusing the book of business on complex small-and-medium-sized enterprises (SME), up to large single risks. “We have spent the past couple of …