Aviva Re-enters Lloyd's Market with £242 Million Probitas Acquisition

The acquisition marks a strategic expansion for Aviva, offering access to significant premium volumes and international licenses.

Aviva acquires Probitas for £242 million, marking its return to the Lloyd's of London insurance market after over two decades.
The acquisition includes Probitas's Lloyd's platform, Syndicate 1492, and is expected to significantly expand Aviva's global corporate and specialty business.
Syndicate 1492 has shown strong performance, with a 21% compound annual growth rate since 2019 and an average combined ratio of 82%.
The deal is aligned with Aviva's strategy, offering access to significant premium volumes, international licenses, and broader distribution networks.
Probitas will retain its management team and brand post-acquisition, with Aviva investing additional capital to support its growth.