As part of the firm’s recent expansion through Probitas, Aviva’s Global Corporate & Specialty (GCS) division has introduced political violence and terrorism (PVT) and accident and health insurance to the Lloyd’s market utilising the platform.
Aviva said that the new offerings became available for binding on February 1, 2025.
Over the past seven months, Aviva said that the two teams have collaborated to align their capabilities and broaden market reach.
The expansion follows Aviva’s acquisition of the platform in July 2024, and what the firm describes as part of its ongoing strategy to integrate the syndicate into its operations.
PVT is a new business line for Aviva, operating under the GCS Crisis Management Division. The coverage is designed to protect international businesses from risks related to political violence and terrorism, including civil commotion, riots, strikes, terrorism, and war.
Aviva says that the new offering complements the Crisis Management Division’s existing accident and health and contingency insurance, the latter of which was already available on the Lloyd’s platform.
Aviva’s PVT insurance provides coverage for global risks, excluding sanctioned territories, with limits of up to £500 million per risk through the company market. The policy includes protection against terrorism and sabotage, strikes, riots, civil commotion, malicious damage, insurrection, revolution, rebellion, coup d’état, mutiny, war, and civil war
With the addition of these new lines, Aviva noted that its aims to expand its GCS portfolio to new brokers, clients, and markets globally while enhancing Probitas’ underwriting capacity. The underwriting will be handled by Aviva’s existing team, which it touts as having dual-stamp authority.
With this latest offering, Aviva also says that it is inching closer to its goal of becoming a leading dual-platform London Market insurer. The company highlighted plans to evaluate further opportunities to underwrite additional lines through Probitas as integration efforts continue throughout 2025.
Luke Powis (pictured above), head of Crisis Management for GCS at Aviva, said the addition of PVT to Lloyd’s, alongside accident and health and contingency, ensures that the full suite of crisis management products is now accessible to brokers across Aviva and Lloyd’s platforms.
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