Aviva has introduced five new classes of business through its Probitas platform as part of its continued integration within the Lloyd’s of London market. From November 12, Probitas will start quoting five new lines: marine (cargo, fine art and specie, and ports and terminals), construction, renewable energy, contingency/event cancellation, and mergers and acquisitions (M&A). According to a news release, policies for these lines will be available for binding from Jan. 1, 2025, and will be written by Aviva’s existing underwriting leads with dual-stamp capability.
This development follows Aviva’s acquisition of Probitas in July and is part of a coordinated integration plan. In recent months, Aviva and Probitas have worked to leverage combined resources, including the secondment of 46 Aviva underwriters to Probitas to support growth and contribute to the 2025 Syndicate Business Forecast.
“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,” said Matt Washington, managing director, global corporate and specialty at Aviva. “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.”
The news release noted that the launch of these lines reflects Aviva’s ongoing commitment to its growth objectives, particularly in renewable energy, where the company aims to be the leading insurer in the UK market by 2027.
Aviva is expected to continue evaluating additional underwriting opportunities through Probitas in the coming months, seeking to expand its product offerings in the London Market.
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