British insurer Aviva said today it has re-entered the Lloyd’s insurance market with a £242m acquisition of insurance platform Probitas.
The deal includes taking over Probitas’s fully-integrated Lloyd’s platform and bolsters Aviva’s global corporate and speciality business, the company said.
“Aviva’s presence in the Lloyd’s market opens up new opportunities to accelerate growth in our capital-light General Insurance business,” Aviva CEO Amanda Blanc said.
Analysts at Jefferies said the…
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Source: https://www.rte.ie/news/business/2024/0304/1435809-aviva-re-enters-lloyds-insurance-market/