Aviva

Aviva is targeting £125mn of annual savings within three years of the deal.

This follows a preliminary agreement reached earlier this month.

Aviva increases its offer to 275p per Direct Line share.

Analysts suggested Aviva could sweeten its offer for the UK personal-lines carrier.

The insurer will have until Christmas to make a formal offer or withdraw.

The carrier can write marine on company and Lloyd’s platforms after the Probitas deal.

Improved underwriting results thanks to pricing action were offset by nat cat activity in Canada.

The carrier is set to start underwriting five new lines of business in the Lloyd’s market.

Lloyd's ambitions to attract large corporates to the marketplace is well known. But how has one of its major coups - the re-entry of Aviva via the acquisition of Probitas - impacted growth?

Simon Theobald joins from AIG where he was senior construction underwriter.

The executive said that being in Lloyd’s would help the carrier’s global distribution.

The carrier said the global commercial market was “highly attractive".