Aviva is eyeing a return to Lloyd's, with a decision expected at the end of the summer once a review is finished.
Aviva Corporate and Speciality Risk (ACSR) managing director David Hall is carrying out the review over the direction of the unit after two years in operation.
Hall has three options: whether to stick with the current strategy of undewriting for UK-domiciled firms and their global offices, shunning Lloyd's by underwriting for foreign firms from the St Helen's office in London or finally, by setting up a Lloyd's operation.
Insurance Times understands Aviva is leaning towards setting up a Lloyd's operation as it would give them instant access to global markets and provide a powerful blend of Lloyd's international reputation and Aviva's growing global brand strength.
Some of the £1bn made from Aviva's sale to RAC could be used to bankroll the Lloyd's operation. Aviva declined to comment.
No comments yet