Probitas in advanced talks as Istmo liquidator appointed

Ash Bathia's Lloyd's start-up Probitas 1492 has emphasised
that it will continue to trade forward without any impact on its
business after majority owner Istmo Re was placed into liquidation.
Istmo Re wasseized by Panama's insurance regulator late last year and
downgraded to E by AM Best, which forced the cornerstone backer of
Probitas into run-off.In a statement the carrier said: "Probitas confirms
business as usual as it continues to have confidential discussions
with a number of new...