Aviva

Aviva Global Corporate & Specialty head Washington said Lloyd’s is likely to be an avenue for the carrier in future.

The carrier said the acquisition would support its ambition to become the market leader in the high net worth personal lines market.

Aviva has reported a 9% increase in its Global Corporate and Specialty (GCS) lines gross written premium (GWP) compared with Q1 last year as a result of continued rate momentum and new business growth and retention.

Head of M&A underwriting Josh Cowan and senior underwriter Sam Shirley are set to lead Fusion’s London market offering for M&A insurance.

The appointment comes after the carrier’s previous head of cyber Neil Arklie left the business for Lloyd’s.

The appointment of Charlotte Jones is effective from 5 September, subject to approval by the Prudential Regulation Authority and Financial Conduct Authority.

The decision marks the second time the carrier has explored an entry to Lloyd’s and ultimately reverted.

The major UK insurance group has been exploring a launch since last year.

He previously served as CEO of Neon, AFG’s Lloyd’s business, which was placed into run-off at the start of 2020.

The UK insurance Number 1 could take over Covea’s ~£725mn GI operation.

The carrier reported its highest GWP in more than a decade, improving by 6% to £8.8bn.

Succession Wealth has completed 60 acquisitions of its own to date and manages £9.5bn of assets.