The latest news from Probitas;
Probitas is now offering five new lines of business, marking a milestone in the integration with Aviva. From 12 November, Probitas will begin quoting 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).
This development marks a significant step in the strategic integration plan following Aviva’s acquisition of the business, which completed in July. Over the past few months, Aviva and Probitas have been working closely to leverage their combined strengths. This has included seconding 46 Aviva underwriters into Probitas to enhance underwriting capacity and support growth to deliver the 2025 Syndicate Business Forecast (SBF).
These additional lines will help Aviva to expand its Global, Corporate & Specialty (GCS) offering, bringing it to new markets and customers, as well as bolstering the Probitas offering with new underwriting capability.
The five new classes will be available for quoting from 12 November and can be bound from 1 January 2025. For consistency, these lines will be written by Aviva’s existing underwriting leads who now have dual-stamp capability.
Matt Washington, Managing Director, Global Corporate & Specialty 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.”
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.”
Aviva continues to assess opportunities over the coming months and plans to underwrite additional new lines of business through Probitas as it continues its integration. This broadens the product suite for brokers and helps Aviva towards its goal of becoming a leading dual-platform London Market insurer.
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