ANV MGU News

  • NEW JERSEY, USA, February 21, 2017 -- ANV Global Services Inc, the North American Managing General Underwriter (MGU) owned by multinational insurance group AmTrust Financial Services, Inc. (Nasdaq:AFSI), has appointed James Pittinger to the role of Underwriting Director, effective immediately.

    Responsible for the North American MGU business which focuses on Management Liability and Professional Lines products, Mr. Pittinger will be based in New Jersey. He brings more than 25 years’ experience to ANV, including underwriting expertise, business development and reinsurance across multiple industries, services and professional lines. 

    Commenting on the appointment, Grady Womack,... More...

  • AmTrust more than doubles Lloyd's operations

    NEW YORK, Nov. 07, 2016 (GLOBE NEWSWIRE) -- AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust") today announced that it has completed the acquisition of ANV Holdings B.V. and its affiliates ("ANV") from Ontario Teachers' Pension Plan for approximately $203 million in cash.  During the last 12 months ending September 30, 2016, ANV's three managed syndicates, 1861, 5820 and 779, reported gross written premium of $724.4 million.  The reported gross written premium included $542.3 million underwritten by ANV for its own account and $182.1 million gross written premium managed for a fee by ANV for third party capital providers.

    "... More...

  • 02 August 2016: ANV Global Services Ltd, the international Managing General Underwriter (MGU) of global speciality insurance group ANV, has today announced an increase in its Lloyd’s underwriting capacity for Mergers and Acquisitions (M&A) Insurance.

    The line will now offer a limit of EUR 40million, USD 40million and GBP 30million per risk, marking an increase of 10million in each currency compared with previous limits that were set in March this year.

    Five supporting carriers provide “A” rated Lloyd’s capacity (A.M. Best: A; Standard & Poor’s: A+ and Fitch: AA-), to ANV Global Services M&A insurance, with ANV Syndicate 1861 continuing to provide the majority shar... More...

  • 19 July 2016: ANV Global Services Ltd, the international Managing General Underwriter (MGU) of global speciality insurance group ANV, has appointed Simon Fragiacomo as Professional Lines Underwriter with immediate effect.

    Based in Barcelona and reporting to Dennis Gattinger, Underwriting Director, Professional Lines, Simon is responsible for growing the Professional Lines portfolio in France and French speaking Europe.

    Simon has seven years experience in the Professional Lines market, joining ANV from XL Catlin in Paris where he was Financial Institutions Underwriter for France. He has experience across Professional Lines products including D&O, IPO, PI, Crime, EPL and Cy... More...

  • Acquisition to create among top ranked Lloyd’s capacity providers and is expected to be immediately accretive

    19 April 2016: AmTrust Financial Services, Inc. (Nasdaq: AFSI) (the "Company" or "AmTrust") today announced that the Company has entered into an agreement to acquire ANV Holdings B.V. and its affiliates ("ANV") from Ontario Teachers’ Pension Plan for $218.7 million in cash. In addition, AmTrust will support ANV’s Funds at Lloyd’s, including replacing of Ontario Teachers’ Pension Plan’s participation. The transaction is to be funded with existing working capital.  In 2015, ANV generated gross written premium of $508 million. Also in 2015, ANV’s three managed syndicat... More...

  • 04 April 2016: ANV Underwriters, the international Managing General Underwriter (MGU) segment of specialty insurance group ANV Holdings, has launched a dedicated German market policy for Mergers and Acquisitions (M&A) Insurance.

    The new wording is fully compliant with the German Insurance Contract Act (Versicherungsvertragsgesetz, or ‘VVG’) and is designed to address the specific needs of deal participants in the German market.

    Florian Tischer, ANV M&A Insurance Underwriter and German Market specialist explains:
    “Until now the German market has been employing Common Law based wordings for M&A proceedings, which have not always worked in the best interests of... More...

  • 04 April 2016: ANV Global Services Ltd., der zur Spezialversicherungsgruppe ANV gehörende international tätige Managing General Underwriter (MGU), hat neue, speziell für den deutschen Markt entwickelte, Versicherungsbedingungen für Transaktionsrisikoversicherungen auf den Markt gebracht.

    Die neuen Versicherungsbedingungen sind vollständig konform mit dem deutschen Versicherungsvertragsgesetz und berücksichtigen darüber hinaus die besonderen Bedürfnisse der im deutschen Transaktionsmarkt tätigen Unternehmen.

    Florian Tischer, ANV M&A Insurance Underwriter und Spezialist für den deutschen Markt erklärte uns den Hintergund der Entwicklung der neuen Versicherungsbedingungen: "... More...

  • 01 March 2016: ANV Global Services Ltd., the international Managing General Underwriter (MGU) segment of speciality insurance group ANV Holdings, today announced an increase in its Lloyd’s underwriting capacity for Mergers and Acquisitions (M&A) Insurance.

    The increased line offers a limit of EUR 30million and USD 30million per risk, up by 10 million of each currency unit since the beginning of 2015. Sterling coverage is available at a maximum line of 20million. The company’s Barcelona and London based M&A team focuses primarily on bespoke warranties & indemnities insurance for commercial and financial clients across the European and UK markets.

    Thomas M. Mannsdor... More...

  • Long-term agreement will focus on European SME Financial Lines market

    22 October 2015: ANV Global Services Ltd (‘ANV’), the international Managing General Underwriter segment of global speciality insurance group ANV Holdings BV, has announced a new partnership with PartnerRe Wholesale, the specialist SME-focused division of leading global reinsurer PartnerRe. The long-term partnership agreement will cover professional and financial lines including Directors & Officers (D&O) Commercial, Financial Institutions D&O, Professional Indemnity (PI), Financial Institutions PI, and Pension offerings for a broad range Small Medium Enterprises (SMEs) and the professionals w... More...