Aviva plc has secured the necessary approvals and completed its acquisition of Probitas Holdings (Bermuda) Limited for consideration of £249m. The deal was first announced in early March and includes Probitas Managing Agency, which is the managing agent of Lloyd’s Syndicate 1492, the corporate member Probitas Corporate Capital Limited and all other subsidiaries.

Commenting at the time of the announcement, Amanda Blanc (pictured), group chief executive officer of Aviva, said: “This acquisition is another step in our strategy to invest in Aviva’s future profitable growth. Aviva’s presence in the Lloyd’s market opens up new opportunities to accelerate growth in our capital-light general insurance business.”