ANV brings transactional risk proposition to the US

ANV brings transactional risk proposition to the US | Insurance Business America

Insurance News

ANV brings transactional risk proposition to the US

New business unit heads announced

Insurance News

By
Kenneth Araullo

Specialty risks managing general agent (MGA) ANV Global Services (ANV) has announced the launch of its transactional risk insurance (TRI) program in the United States.

The new business unit will be led by Colin Addy and Greg Conroy, who previously held senior positions at Vale Insurance Partners and Chubb.

ANV US TRI will initially underwrite representations and warranties insurance (RWI) on behalf of a panel of insurers, including AmTrust and various syndicates at Lloyd’s.

ANV has provided bespoke TRI solutions in the UK, Europe, and other international jurisdictions since 2013 for transactions ranging from small domestic deals to large cross-border acquisitions. With the expansion into the US, ANV now offers a global TRI program.

“We are excited to be launching ANV’s US transactional risk program. Both ANV and AmTrust support our vision and share our practical approach of growing a disciplined underwriting platform,” Addy and Conroy said. “We love this business and are enthusiastic to continue working with our broker partners and insureds providing bespoke transactional risk solutions.”

“We are thrilled to be launching ANV’s U.S. TRI program with Greg and Colin,” AmTrust head of international fee businesses and ANV managing director Grady Womack (pictured) said. “They have a deep understanding of the TRI market combined with entrepreneurial drive and superb underwriting integrity. ANV supports high-caliber specialty underwriters with its plug-and-play platform, including aligned and affiliated capacity. With Greg and Colin, we will be creating an exceptionally valuable TRI franchise and offering for our clients and partners.”

Headquartered in Barcelona, Spain, ANV is a specialty risks insurance MGA and a subsidiary of AmTrust Financial Services, Inc. AmTrust acquired ANV in 2016.

Elsewhere in the transactional risk space, WTW’s latest report on the segment indicates that the theme of “adaptation” continues to resonate within the global mergers and acquisitions (M&A) insurance market.

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