ANV Launches Transaction Risk Insurance (TRI)
ANV Holdings BV (ANV), a Dutch-headquartered specialty insurance business, announced today the launch of its newest line of business, Transaction Risk Insurance (TRI). ANV will focus on providing locally compliant products in local languages for different regions, in particular for the European Market.
TRI products are offered by ANV’s Barcelona-based underwriting platform ANV Global Services Ltd., Spanish Branch. ANV Syndicate 1861 (ANV’s syndicate at Lloyd’s of London) will function as underlying risk-bearing entity, fully backed by a panel of leading reinsurance companies.
ANV has built a special expertise on the following products:
- Warranties & Indemnities Insurance (W&I)
- Public Offering of Securities Insurance (POSI)
Subject to special acceptance, additional products may be available:
- Tax Liability Insurance (TLI)
- Contingent Risk Transfer Insurance (CRTI)
“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 securitization and can help to break deadlocks during contract negotiations,” said Thomas M. Mannsdorfer who is the 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 R. 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.”
As referenced widely across industry sources, the more than US$ 2 trillion global mergers and acquisitions market remains more than 40% below the record volumes recorded before the 2008 financial crisis. Execution and due diligence timelines have dramatically expanded as companies deal with greater concerns for risk and greater complexity within inter-regional jurisdictions and business practices.
About ANV: ANV and its lead investor, Ontario Teachers´ Pension Plan, are building a best-in-class global specialty insurance group. ANV provides underwriting for specialty risk solutions for global organizations both as a MGA as well as a risk-bearing insurer. With offices in Hong Kong, Barcelona, London, Rio de Janeiro and New York City, ANV has built a team of leading underwriting specialists focused on providing solutions for specialty risks on a global basis. For more information, visit our website: www.anv.eu.com.