Probitas Managing Agency News

Markets/Coverages: Aviva’s Lloyd’s Insurer Probitas Launches 5 New Lines of Business

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 …

Aviva Completes Acquisition of Probitas, Re-entering Lloyd’s After More Than 20 Years

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 …

UK Insurer Aviva to Enter Lloyd’s Market via Acquisition of Probitas for £242M

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 …