Probitas CEO Ash Bathia and its managing director Nick Bacon are both set to retire on 31 July 2025.  

Last year, Aviva acquired Probitas, marking its return to the Lloyd’s market.  

Aviva Global Corporate & Specialty (GCS) UK MD Matthew Washington will succeed Bathia as the CEO of Probitas, subject to regulatory approval, while retaining his existing responsibilities, the British insurer confirmed in a LinkedIn post.  

In a statement, Probitas said that under the leadership of Bathia and Bacon, the company grew from a Lloyd’s start-up with four workers and “no business” to a syndicate with £400m ($533.10m) of gross written premium and “seven successive years of top quartile financial performance”.  

Post-retirement, Bathia and Bacon will remain involved with the company, offering their expertise in an executive advisory capacity. 

Bathia said: “After 46 years in this amazing industry (who says insurance is boring!) the time has come for me to pass on the baton to the next generation. I am immensely proud of our people and what we have achieved together over the past ten years. It has been a privilege to have been part of this incredible journey, and I have complete confidence that the team will continue to build on this legacy and carry our vision forward.” 

Meanwhile, in February this year, Aviva broadened its GCS division by launching two new business lines – Political Violence and Terrorism and Accident and Health. 

These are available on the Lloyd’s market via Probitas.  

Aviva is also exploring additional opportunities to underwrite new lines of business through Probitas.