M/24/021 – Aviva/Probitas
							
							
							
							
							
						Transaction details
						The proposed acquisition by Aviva Insurance Limited, of the entire issued share capital, and thus sole control, of Probitas Holdings (Bermuda) Limited, has been cleared by the Competition and Consumer Protection Commission.
						
						
						
							| Notification date | 
							Decision date | 
						
						
							| Thursday April 4, 2024 | 
							Wednesday, May 15, 2024 | 
						
					
						
										
					
					| Parties Involved | 
					Business activities | 
					
												
								| Aviva Plc | 
								Aviva is a UK-listed company operating in the insurance sector. It provides a broad range of 
insurance, savings and investment products and other insurance and investment-related 
services 
 | 
							
												
								| Probitas | 
								Probitas is active in the general insurance market, underwriting a range of risks on 
behalf of corporate clients including UK and international property, construction, casualty and 
financial lines of insurance, among others. It is headquartered in London and has offices in 
Manchester, Mexico City, Brussels and Sydney. 
 | 
							
					
					
					
						| Economic sector | 
						Media merger | 
					
					
						| Insurance | 
						No | 
						
					
					
					
					
						
							| Submissions from third parties due by: | 
						
						
							| Phase 1 | 
							Phase 2 | 
						
						
							| Monday, April 22, 2024 | 
							 | 
							
						
					
					
													
					
					
						| Current status: Completed | 
					
					
						 | 
							Cleared (Phase 1)						  | 
					
					
										
					
					| Authorised Officer Assigned | 
					Contact Details | 
					
					
												
								| Ciarán Dorrian | 
								ciarandorrian@ccpc.ie 
 | 
							
					
					
					
	
					
									  
				  
				  
				  
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