3 June 2013 Insurance

ANV to offer transaction risk insurance

ANV Holdings (ANV), a Dutch-headquartered specialty insurance business, has become the latest insurer to offer transaction risk insurance (TRI), a type of policy tailored to cover the risks surrounding commercial business transactions such as mergers, acquisitions and private equity investments.

Demand for the product is projected to grow. Recent research has suggested that demand for this type of coverage could rise by as much as 25 per cent in 2013.

ANV will focus on providing locally compliant products in local languages for different regions, in particular for the European Market.

The insurer will specialise in warranties and indemnities insurance and public offering of securities insurance. Tax liability insurance and contingent risk transfer insurance may be offered in special circumstances.

“We are pleased to launch innovative and tailor-made TRI products to meet the growing demand for these insurance solutions that can serve as alternative securitisation and can help to break deadlocks during contract negotiations,” said Thomas Mannsdorfer, underwriting director for Transaction Risk at ANV. “As with all lines we support at ANV, we provide clear policy forms and market standard coverage as well as accounting for local market languages and legal requirements.”

“Transaction Risk remains a strongly growing and especially dynamic area of the specialty market,” said Matthew Fairfield, founder and chief executive officer of ANV. “Our goal from these new lines is to help businesses limit their risks on key transactions and allow these firms to create opportunities more easily, more quickly and with far greater certainty.”

TRI products are offered by ANV’s Barcelona-based underwriting platform ANV Global Services, Spanish Branch. ANV Syndicate 1861 will function as underlying risk-bearing entity, fully backed by a panel of leading reinsurance companies.

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