Aviva closes deal for Probitas
Aviva plc has completed the acquisition of Probitas Holdings (Bermuda) Ltd for consideration of £249 million, or approximately $321 million, following receipt of all necessary approvals. The acquisition was first announced in March.
Jason Storah, chief executive officer of Aviva UK & Ireland said: “I’m delighted to confirm that Probitas is now part of the Aviva Group.
"Our ability to access the Lloyd’s market represents a significant growth opportunity for us and further enhances our broker and customer proposition."
He added: "I am also delighted to officially welcome Ash Bathia, CEO, Probitas to my leadership team.
"Ash brings with him a wealth of market knowledge, which when combined with our already strong GCS leadership team under Matt Washington, will accelerate the growth of this area of the business.
"Following positive engagement over the last few months, I’m delighted to formally be welcoming Probitas into Aviva and bringing our businesses together.”
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