Aviva re-enters Lloyd’s market after 24 years with $300m+ deal for ‘top performer’ Probitas

UK insurance giant Aviva will re-enter the Lloyd’s market after more than two decades through the acquisition of 100% of Probitas Holdings (Bermuda), including its subsidiaries, for a total consideration of £242 million ($306 million). The move aims to diversify and expand Aviva’s specialty business and open up new opportunities to accelerate growth.