ANV Holdings has unveiled a new consumer products team within Lloyd’s Syndicate 5820, reporting to Bruce Whitmee, who was recently appointed active underwriter (subject to regulatory approval).
Based in London, the team of eight is headed by Sanjay Vara, head of consumer products. With 24 years’ experience in the market, Vara is responsible for the development of ANV’s consumer products portfolio.
The team will pursue global market opportunities, including emerging territories, as well as developing strategic partnerships with key London market clients.
Three new hires joined ANV’s consumer products team in March. They are senior underwriters Rufus Ford (previously AmTrust) and John Crossley (UK General), and underwriter Rob Sadler (ACE). The other members of the underwriting team are Philip Pearce, Colin Parker, Tom Griggs and Joshua Clarke. Pearce also is head of motor products and business development.
“The strength of our expertise and relationships combined with the advantages of underwriting in the Lloyd’s market and the security, credibility, global reach and financial strength that this brings means we will be able to offer our clients and brokers an unrivaled service,” said Vara.
ANV explained that consumer products include extended warranty (e.g., appliance warranty, motor vehicle warranty, furniture warranty, plant equipment, machinery); all risks gadget insurance; motorist products (e.g., GAP insurance, tires, alloy wheel, breakdown assistance); add-on products (e.g., collision damage waiver, excess waiver, replacement vehicle); creditor (e.g., payment protection); bank account/credit card added value enhancement products (e.g., double warranty, price promise, ID theft).
With Lloyd’s syndicates 1861, 5820 and 779, and offices in Barcelona, London, Rio de Janeiro, New Jersey and Kansas City, ANV has built a team of underwriting specialists focused on providing solutions for specialty risks on a global basis, the company said in a statement.
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