Announced
Financials
Sources
Tags
Bermuda
Property and Casualty Insurance
investing
insurance business
reinsurance business
Acquisition
Cross Border
Majority
Private
Completed
Friendly
Single Bidder
Synopsis
Aviva, a British multinational insurance company headquartered in London, agreed to acquire Probitas, an underwriting syndicate, for £242m. "This acquisition is another step in our strategy to invest in Aviva's future profitable growth. Aviva's presence in the Lloyd's market opens up new opportunities to accelerate growth in our capital-light General Insurance business," Amanda Blanc, Aviva CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.