ANV Global Services Ltd, the international managing general underwriter (MGU) of global specialty insurance group ANV, has today announced an increase in its Lloyd’s underwriting capacity for mergers and acquisitions insurance.
The line will now offer a limit of €40 million, $40 million and £30 million per risk, marking an increase of 10 million in each currency compared with previous limits that were set in March this year.
Five supporting carriers provide “A” rated Lloyd’s capacity (A.M. Best: A; Standard & Poor’s: A+ and Fitch: AA-), to ANV Global Services M&A Insurance, with ANV Syndicate 1861 continuing to provide the majority share of capacity.
ANV’s Barcelona and London-based M&A team focuses primarily on bespoke warranties and indemnities insurance for commercial and financial clients across the European and UK markets. The company’s Lloyd’s syndicate, ANV 1861, continues to provide the majority share of the capacity under the MGU’s Lloyd’s binding authority.
“I am very pleased that the increase in line size means ANV can now offer clients even greater M&A insurance protection,” said Thomas M. Mannsdorfer, director, M&A Insurance, London-based ANV Global Services.
He noted that there is a growing call for “M&A insurance products from clients operating across a wide range of industries and territories.”
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