The PVT line is a new venture for Aviva under its GCS Crisis Management Division, offering protection against global political violence and terrorism risks. Credit: MacroEcon/Shutterstock.

UK insurer Aviva has expanded its Global Corporate & Specialty (GCS) division with the introduction of two new lines of business, Political Violence and Terrorism (PVT) and Accident and Health, now available on the Lloyd’s market through Probitas.  

Effective 1 February 2025, this moves is indicative of Aviva’s strategy to become a “dual-platform London Market insurer”. 

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The PVT line is a new venture for Aviva under its GCS Crisis Management Division, offering protection against global political violence and terrorism risks.  

This insurance protects companies from civil commotion, riots, strikes and war, among others, complementing the existing Accident and Health and Contingency offerings already available on the Lloyd’s market. 

Aviva’s underwriting leads, who possess dual-stamp capability, will maintain consistency by writing the new lines. 

The PVT solution offers coverage for international businesses against worldwide exposures (excluding sanctioned territories), with limits of up to £500m ($622.23m) per risk available. 

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Ahead of 2025, Aviva plans to assess further opportunities to underwrite new lines of business through Probitas. 

Aviva GCS crisis management head Luke Powis stated: “Introducing 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.” 

Aviva acquired Probitas in July 2024, which included the Lloyd’s platform and tenancy rights to Syndicate 1492.  

Probitas Syndicate 1492 chief underwriting officer and active underwriter Antony Dodson said: “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.”  

Last month, Aviva partnered with automated reconciliation solution provider AutoRek to enhance efficiency and ensure compliance.