Aviva confirms Lloyd’s return with £242m Probitas deal

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Aviva has struck a deal to acquire Probitas, confirming its return to Lloyd's this morning (4 March).

The insurer has agreed to acquire 100% of Probitas Holdings (Bermuda) Limited, the ultimate holding company of the Probitas Group, for a minimum fixed consideration of £242m.

The transaction includes

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FCA overwhelmed by feedback on naming and shaming

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator will “really take our time” when considering its proposed plans to name firms it is investigating before any decision has been made.

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