Aviva launches two new classes for Lloyd’s
Aviva has launched two new classes of business on the Lloyd’s market through Probitas – Political Violence and Terrorism and Accident and Health.
This expansion represents further acceleration of Aviva’s GCS business and is another “significant milestone” in Aviva’s strategic integration of Probitas, following its acquisition of the company in July 2024.
PVT is a new line of business for Aviva, situated under its GCS Crisis Management Division. The coverage is designed to protect international companies against global exposures to political violence and terrorism, including incidents such as civil commotion, riots, strikes, terrorism and war among others.
The new offering complements the Crisis Management Division’s Accident and Health and Contingency propositions, with the latter already available on the Lloyd’s market.
The availability of additional lines on Lloyd’s will further Aviva’s already rich GCS offering, bringing it to new brokers, clients and markets worldwide, as well as continuing to bolster Probitas with increased underwriting capability. For consistency, the new lines will be written by Aviva’s existing underwriting leads, who have dual-stamp capability.
“Aviva’s dedicated GCS Crisis Management team brings together decades of experience in helping international businesses navigate and protect against an ever-evolving geopolitical landscape, so we’re excited to enhance our product offering through our new Political Violence and Terrorism proposition.cIntroducing this new class of business to the Lloyd’s market, alongside Accident and Health and Contingency, now means the full suite of crisis management products are available to brokers across both Aviva and Lloyds platforms. This not only cements our commitment to providing comprehensive insurance solutions for our brokers and clients, but also provides access to previously unavailable markets, unleashing a wealth of untapped opportunities for Aviva’s GCS business.” – Luke Powis, Head of Crisis Management for Global Corporate & Specialty at Aviva.
“We are pleased to begin writing Accident and Health and Political Violence and Terrorism classes through Probitas Syndicate 1492. Together with the previous lines added, we are now able to offer a comprehensive suite of marine and specialty products on the Lloyd’s platform. We are looking forward to working with our clients and broking partners as we grow our business in the future.” – Antony Dodson, Chief Underwriting Officer and Active Underwriter for Probitas Syndicate 1492.
