ANV increases capacity for M&A insurance
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 share of capacity.
ANV’s Barcelona and London-based M&A team focuses primarily on bespoke warranties and indemnities insurance for commercial and financial clients across the European and UK markets. The company’s Lloyd’s syndicate, ANV 1861, continues to provide the majority share of the capacity under the MGU’s Lloyd’s binding authority.
Thomas M. Mannsdorfer, Director, M&A Insurance, ANV Global Services, said: ”I am very pleased that the increase in line size means ANV can now offer clients even greater M&A Insurance protection.
“Greater capacity combined with the highly detailed approach of our underwriting team enables ANV to provide a compelling proposition that meets the growing call for M&A Insurance products from clients operating across a wide range of industries and territories.”
Lloyd’s is licensed to underwrite business in over 200 countries and territories and does this in full compliance with local laws and regulatory requirements.
ANV is a global specialty insurance group, providing underwriting for specialty risk solutions for global organisations. ANV functions as a risk-bearing insurer through Lloyd’s syndicates 1861, 5820 and 779, and as an MGU and Lloyd’s Binding Authority through ANV Global Services. ANV’s team of leading underwriting specialists are based in offices in Barcelona, London, New Jersey and Rio de Janeiro.
For more information, visit www.anv.eu.com.
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