9 December 2013 Insurance

ANV completes acquisition of Jubilee Managing Agency

ANV Holdings BV, the Dutch-headquartered specialty insurance business founded by Matthew Fairfield and Ryan Specialty Group, has completed its transaction to combine the companies’ Lloyd’s managing agency operations, ANV Syndicate Management (ASML) and Jubilee Managing Agency.

ANV will hold 80 percent of the ownership in ASML and RSG will own the remaining 20. Effective immediately, the group will operate as ANV Syndicates and will manage ANV Syndicate 1861 and Jubilee Syndicates 5820 and 779. ASML will also continue to manage Apollo’s Syndicate 1969.

“We entered into this transaction with the highest expectations for a much stronger combined operation within the London market,” said Matthew Fairfield, founder and chief executive officer of ANV. “Working together since the transaction was announced two months ago, these expectations have been exceeded on all levels. Culturally and professionally, we couldn’t be more pleased with how well things have come together and the clear potential for the group going forward.”

“The ANV team has already demonstrated both its strong operational capabilities and its deep spirit of partnership within this transaction,” added Patrick Ryan, chairman and CEO of RSG. “I speak for the full Jubilee team when I say that we are looking forward to the breadth of new opportunities ahead of us as a combined operation.”

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