ANV to offer increased M&A capacity
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. Mannsdorfer, Director, M&A Insurance, ANV Global Services Ltd., said: “I am very pleased that a new capacity partner has chosen to support our growing M&A Insurance business. An increased line size allows ANV to offer greater insurance protection for our clients, particularly those engaging in mid-sized and large transactions.”
The announcement follows the endorsement of ANV Global Services M&A Insurance by additional Lloyd’s partners. The MGU has a panel of four supporting syndicates providing “A“ rated Lloyd’s capacity (A.M. Best: A; Standard & Poor's: A+ and Fitch: AA-). ANV Syndicate 1861 continues to provide the majority share of capacity under the MGU’s Lloyd’s Binding Authority.
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. With offices in Barcelona, London, New Jersey and Rio de Janeiro, ANV, supported by lead investor Ontario Teacher’s Pension Plan, has built a team of leading underwriting specialists focused on providing solutions for specialty risks.
For more information, visit www.anv.eu.com.
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