1 March 2016 Insurance

ANV increases underwriting capacity for M&A insurance

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

The increased line offers a limit of €30million and $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 £20 million.

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 Mannsdorfer, director, M&A Insurance, ANV Global Services, 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.

ANV Syndicate 1861 continues to provide the majority share of capacity under the MGU’s Lloyd’s Binding Authority.

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