ANV enhances M&A protection with increase in insurance capacity

ANV Global Services, the managing general underwriter (MGU) of ANV, has increased its Lloyd’s underwriting capacity for mergers and acquisitions (M&A) insurance.

The M&A line now offers a limit of €40million, $40million and £30million per risk, which marks an increase of 10 million in each currency compared to previous limits set in March this year.

Five supporting carriers provide A-rated Lloyd’s capacity (AM 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 M&A teams in Barcelona and London primarily focus on bespoke warranties and indemnities insurance for commercial and financial clients across European and UK markets.

The Lloyd’s syndicate, ANV 1861, continues to provide the majority share of the capacity under the MGU’s Lloyd’s binding authority.

Thomas Mannsdorfer, director of M&A insurance at 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.”