Aviva completes acquisition of Probitas
Aviva has announced (10 July 2024) that, following receipt of all necessary approvals, it has completed the acquisition of Probitas Holdings (Bermuda) Limited (“Probitas”) for consideration of £249 million.
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.”
The acquisition of Probitas was first announced on 4 March 2024.
Authored by Aviva
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Aviva Insurance Limited is one of the UK’s leading insurance companies, part of the Aviva group with 34 million customers Worldwide. Aviva Insurance has been in the insurance business for more than 300 years.
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