Aviva has accomplished the £249m buy of Probitas after getting all the required approvals.
The deal, first introduced on 4 March, sees the insurer re-enter the Lloyd’s market after a greater than 20-year hole.
In 2000, Aviva, then generally known as Norwich Union, closed its CGNU International Dangers and offered its Lloyd’s managing company Marlborough to the Berkshire Hathaway Group, following a merger with CGU.
The transaction contains specialist lines-focused Probitas’s totally built-in Lloyd’s platform, encompassing its company member, managing agent, worldwide distribution entities and tenancy rights
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