Latest update from Aviva FYI;
Aviva plc (“Aviva”) today announces that, following receipt of all necessary approvals, it has completed the acquisition of Probitas Holdings (Bermuda) Limited (“Probitas”) for consideration of £249 million.
The acquisition of Probitas was first announced on 4 March 2024.
Jason Storah, Aviva’s UK&I GI CEO, said: “I’m delighted to confirm that Probitas is now part of the Aviva group. Our ability to now access the Lloyd’s market, international licences and broader distribution networks, represents a significant growth opportunity for us and further enhances our customer proposition.
“I am also delighted to officially welcome Ash Bathia, CEO, Probitas to my leadership team. Ash brings with him a wealth of knowledge in this space of the market, which when combined with our already strong GCS leadership team under Matt Washington will accelerate the growth of this area of the business.”
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