Probitas 1492
Probitas 1492 is a Lloyd's underwriting syndicate wholly owned by Aviva, underwriting global specialty (re)insurance across Casualty, Construction, Cyber, Financial Lines, Marine, Property, and Renewable Energy for commercial and institutional clients via Lloyd's brokers and regional service companies in Australia, Canada, and Europe.
- Company typePrivate
- Founded2015
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Probitas 1492 does
Probitas 1492 is a Lloyd's underwriting syndicate (Syndicate 1492) specialising in global property, casualty, and specialty (re)insurance, managed at Lloyd's by Probitas Managing Agency Limited and wholly owned by Aviva since July 2024. The syndicate underwrites eight core lines — Casualty, Construction, Crisis Management, Cyber & Technology, Financial Lines, Marine, Property, and Renewable Energy — with capacities ranging up to £100m per risk on construction and £/$15-20m on cyber. It serves commercial businesses, property owners and operators, marine/trade customers, financial institutions, technology firms, and M&A transactions through eight identified customer segments, distributing exclusively via Lloyd's approved brokers and three wholly-owned regional service companies (Probitas Pacific in Australia, Probitas Canada, Probitas Europe in Belgium), plus a Mexico City office.
Revenue is generated through underwriting premiums (subscription/recurring model) on a quote-based pricing structure determined by individual risk assessment under empowered underwriter authority. There are no consumer-facing technology products, APIs, or proprietary software platforms; core operating technology consists of the Lloyd's market mechanism and regional service company regulatory permissions. The syndicate benefits from the Lloyd's Central Fund, Chain of Security, and licenses covering 200+ territories.
The business achieved its 'best ever' financial result in 2024 with a 77.9% net combined operating ratio and UK GAAP pre-tax profit of £62m (+17% YoY). In July 2024, Aviva acquired the syndicate for £249m as its entry into Lloyd's, subsequently launching eight new lines. The syndicate operates from headquarters in London (88 Leadenhall Street, Lloyd's Boxes 230 & 230A) with a Manchester regional office, and is undergoing rebrand to 'Aviva Syndicates' effective end of September 2026.
Probitas 1492 firmographics
Firmographics- Name
- Probitas 1492
- Legal name
- Probitas Managing Agency Limited
- Website
- https://probitas1492.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Probitas 1492 is a Lloyd's underwriting syndicate wholly owned by Aviva, underwriting global specialty (re)insurance across Casualty, Construction, Cyber, Financial Lines, Marine, Property, and Renewable Energy for commercial and institutional clients via Lloyd's brokers and regional service companies in Australia, Canada, and Europe.
- Ownership category
- akta.pro rank
Probitas 1492 industry classification
Industry- Product category
- Specialty Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers (5241), Insurance Carriers and Related Activities (524), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411), Accident & Health Insurance (6321)
- akta.pro primary industry
- Large Commercial Package (National Accounts) (FSAJAFAC)
Keywords
Where Probitas 1492 is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices6 records
Markets served
Probitas 1492 business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Insurance Underwriting Premiums: Probitas 1492 generates revenue through underwriting insurance and reinsurance premiums across multiple lines of business. The syndicate writes business as a Lloyd's syndicate and through its regional service companies (Probitas Pacific, Probitas Canada, Probitas Europe),收取保费并承担各类风险。
Go-to-market motion2 records
Distribution channels4 records
Marketing channels3 records
Probitas 1492 product offering
Product offeringCore offering
Probitas 1492 is a Lloyd's of London insurance syndicate that underwrites property, construction, and casualty insurance for commercial clients. The syndicate was established in 2015 and was acquired by Aviva plc in July 2024 for £249 million, becoming part of Aviva's specialty insurance operations.
Product overview
Probitas 1492 is a Lloyd's syndicate operating as a specialist global (re)insurance business with a solutions-driven approach across eight core underwriting lines: Casualty, Construction, Crisis Management, Cyber & Technology, Financial Lines, Marine, Property, and Renewable Energy. The portfolio includes sub-products such as Professional Indemnity, Management Liability & Crime, Mergers & Acquisitions, Financial Institutions, and Contingency. The company operates three regional sub-brands: Probitas Pacific (Australia), Probitas Canada, and Probitas Europe (Belgium), which provide locally-tailored insurance products backed by Lloyd's financial security and Aviva's global strength. In July 2024, Aviva acquired Probitas for £249m, with plans to rebrand the syndicate as 'Aviva Syndicates' from September 2026.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Insurance
- Construction Insurance
- Casualty Insurance
Quantifiable outcome
- Net combined operating ratio of 77.9% (best ever result)
- +1 more outcomes
Companies that use Probitas 1492
Customer profileSegments6 records
Ideal customer profiles1 record
Probitas 1492 technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Probitas 1492 partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- AdA UnderwriterscoreAdA SPA 2024 will transition to full Syndicate status for 2026 year of account, managed by Probitas Managing Agency. The AdA team will continue developing a diverse portfolio of marine & specialty business. Led by Natasha Jodrell and James Grainger.
- Lloyd's of LondoncoreProbitas 1492 operates as a Lloyd's syndicate managed by Probitas Managing Agency Limited. The syndicate benefits from Lloyd's global network of licenses, Chain of Security, and Central Fund protection.
- Howden ReminorHowden Re served as advisers to AdA Underwriters throughout the process of transitioning to full Syndicate status for 2026.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
Probitas 1492 competitors and assessment
Company assessmentDirect peers
- Apollo Underwriting: Lloyd's managing agency and syndicate writing property, casualty, marine and specialty lines through the broker market, closely comparable to Probitas Managing Agency.
- Hiscox: Bermuda/London specialty insurer with a Lloyd's syndicate underwriting property, casualty and specialty lines, a close analogue to Probitas's global specialty proposition.
- Chaucer: Lloyd's specialty (re)insurer writing marine, property, casualty and credit lines, comparable in class mix and market to Probitas.
- Canopius: Global Lloyd's-based specialty (re)insurer writing property, casualty, marine and financial lines across similar international markets to Probitas.
- Beazley: London-listed Lloyd's specialty insurer writing property, casualty, cyber, marine and financial lines, directly overlapping with Probitas's multi-line Lloyd's book.
- Ark Insurance: Lloyd's syndicate underwriting property, marine, accident & health and specialty lines, a direct competitor in the Lloyd's market.
- Brit Insurance: Lloyd's market underwriter of property, casualty and specialty risks distributed through brokers, mirroring Probitas's syndicate model.
Emerging players
- Inigo: Newer Lloyd's syndicate focused on short-tail property and specialty lines, a recently established competitor for specialist underwriting capacity.
Broad incumbents
- Tokio Marine Kiln: Large Lloyd's insurer backed by a global parent (Tokio Marine), writing diversified specialty lines much like Probitas under Aviva ownership.
- Lancashire Holdings: Specialty insurer and reinsurer with a Lloyd's syndicate focused on property, energy, marine and catastrophe risk, overlapping Probitas's short-tail specialty book.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Probitas 1492 social profiles
Digital presenceProbitas 1492 compliance and trust
Trust signalCompliance2 records
Probitas 1492 financial estimates
Financial estimateRevenue estimate
Valuation estimate
Probitas 1492 leadership team
Management profileNumber of profiles
Probitas 1492 subsidiaries and ownership
Company hierarchySubsidiaries4 records
Probitas 1492 funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Probitas 1492 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Probitas 1492
What does Probitas 1492 do?
Probitas 1492 is a Lloyd's of London insurance syndicate that underwrites property, construction, and casualty insurance for commercial clients. The syndicate was established in 2015 and was acquired by Aviva plc in July 2024 for £249 million, becoming part of Aviva's specialty insurance operations.
Is Probitas 1492 a public or private company?
Probitas 1492 is a private company. It is classified as corporate owned and is currently operating.
When was Probitas 1492 founded?
Probitas 1492 was founded in 2015. It employs 11 to 50 people.
Where is Probitas 1492 based?
Probitas 1492 is headquartered in London, United Kingdom, in the Europe region.
How does Probitas 1492 make money?
One revenue line is on record: insurance Underwriting Premiums.
Who are Probitas 1492's main competitors?
Direct peers on record are Apollo Underwriting, Hiscox, Chaucer, Canopius, Beazley, Ark Insurance and Brit Insurance. Inigo is listed as an emerging player. Broad incumbents are Tokio Marine Kiln and Lancashire Holdings.
Does Probitas 1492 have an API?
No public API is recorded for Probitas 1492.
What industry is Probitas 1492 in?
Probitas 1492's product category is Specialty Insurance. Its primary akta.pro industry code is FSAJAFAC, Large Commercial Package (National Accounts). Its NAICS code is 524126 and its SIC code is 6411.