Probitas CEO and MD to step down at July-end

GlobalData

Mon, Apr 28, 2025, 2:52 AM 1 min read

Probitas CEO Ash Bathia and its managing manager Nick Bacon are some acceptable to discontinue connected 31 July 2025.

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

Aviva Global Corporate & Specialty (GCS) UK MD Matthew Washington volition win Bathia arsenic the CEO of Probitas, taxable to regulatory approval, portion retaining his existing responsibilities, the British insurer confirmed successful a LinkedIn post.

In a statement, Probitas said that nether the enactment of Bathia and Bacon, the institution grew from a Lloyd's start-up with 4 workers and “no business” to a syndicate with £400m ($533.10m) of gross written premium and “seven successive years of apical quartile fiscal performance”.

Post-retirement, Bathia and Bacon volition stay progressive with the company, offering their expertise successful an enforcement advisory capacity.

Bathia said: “After 46 years successful this astonishing manufacture (who says security is boring!) the clip has travel for maine to walk connected the baton to the adjacent generation. I americium immensely arrogant of our radical and what we person achieved unneurotic implicit the past 10 years. It has been a privilege to person been portion of this unthinkable journey, and I person implicit assurance that the squad volition proceed to physique connected this bequest and transportation our imaginativeness forward.”

Meanwhile, successful February this year, Aviva broadened its GCS part by launching 2 caller concern lines – Political Violence and Terrorism and Accident and Health.