ANV Holdings BV, the specialty insurance business, headquartered in the Netherlands, announced the opening of its first U.S. Market Managing General Underwriter (MGU), to be led by Peter McKeegan.
ANV said the “team will underwrite Financial Lines for the U.S. Market out of its New Jersey Offices,” and that the addition “marks a first step by ANV in growing its MGU operations in the U.S. market.”
McKeegan has broad experience in D&O and management liability underwriting. The bulletin said that “under his leadership, this group will focus on Management and Professional Liability with a specific emphasis on primary and follow-form excess liability D&O for private, non-profit and select public entities. In addition to this work, the team underwrites stand-alone and combined form employment practices liability insurance and fiduciary liability.”
As an MGU, “the team is backed by the capital, underwriting insight and services support of ANV Syndicate 1861 at Lloyd’s,” the announcement explained. “A key area of focus for the team is to provide underwriting solutions for risks where standard models cannot be easily applied and more hands-on and solution-oriented underwriting approach is needed.”
Before joining ANV, McKeegan led the professional lines business at American Safety Insurance. He has more than 30 years of Professional Lines experience, and was involved in the start-up of the D&O operations at Arch, IronPro and Rockhill Insurance, in addition to his more than 15 years at AIG, where he led underwriting divisions for both commercial and financial lines. He is joined by fellow underwriters Joseph Costello and Stephanie Rubio.
“The US market is a strategic priority and a natural evolution of ANV’s business, because of its size and its unique underwriting opportunities,” explained R. Matthew Fairfield, ANV’s Founder and CEO; adding that McKeegan “brings deep experience and creativity with an historical perspective that few underwriters in the market can match for these products. We are excited to bring this level of expertise to the US market.”
In an interview at last year’s Reinsurance Rendezvous Fairfield explained some of ANV’s future expansion plans.