Aviva expands Lloyd’s offering with PVT and A&H classes

By Michael Jones

Feb 6 - (The Insurer) - Aviva has expanded its Lloyd’s offering through Probitas 1492 with the addition of two new classes of business: political violence and terrorism (PVT) and accident and health.

The two new classes were available for binding from 1 February 2025 and mark a further step in the integration of Aviva’s global corporate and specialty division with Probitas.

Aviva said its PVT solution is designed to protect international companies against incidents such as civil commotion, riots, strikes, terrorism and war, among others.

The PVT offering is focused on worldwide exposures with limits of up to £500mn ($621mn) per risk available through the company market.

Aviva said the new lines will be written by Aviva’s existing underwriting leads, who have dual-stamp capability. PVT will be written within Aviva’s crisis management division, which is led by Luke Powis.

The move continues a recent flurry of additional capacity into the PVT market.

This week Aegis London launched a new Lloyd’s consortium for complex political violence risks with available limits of up to $100mn. Other launches include Starwind Specialty Insurance Services’ Starwind PVT, led by new hire Chris Kirby.