Probitas Confirms the Retirement of Ash Bathia & Nick Bacon

It is with mixed emotions that Probitas announces the retirement of Ash Bathia, Chief Executive Officer, and Nick Bacon, Managing Director, with effect from the 31 July 2025.

After leading the Probitas team to success, Ash and Nick have decided to step down from their respective leadership roles this summer. Their visionary guidance has been instrumental in transforming Probitas from a Lloyd’s start-up with 4 employees and no business, to an ‘outperforming’ syndicate. The business has profitably grown to c.£400m GWP and delivered seven successive years of top quartile financial performance; underpinned by quality, underwriting discipline and a strong set of personal values.

Although stepping away from their daily operational responsibilities, both Ash and Nick will remain part of the business in an Executive Advisory capacity. Having established a culture of innovation and excellence they remain committed to ensuring that the highly talented Probitas team is positioned for continued success in the future.

Ash Bathia commented, “After 46 years in this amazing industry (who says insurance is boring!) the time has come for me to pass on the baton to the next generation. I am immensely proud of our people and what we have achieved together over the past 10 years. It has been a privilege to have been part of this incredible journey, and I have complete confidence that the team will continue to build on this legacy and carry our vision forward.”