BARCELONA–(BUSINESS WIRE)–ANV World Companies Ltd. (“ANV”) immediately introduced that Zurich Insurance coverage Plc (“Zurich”) will present €10 million of capability to ANV´s effectively established Mergers and Acquisitions (M&A) enterprise unit.
This extra capability will enable ANV to supply coverage limits of as much as EUR 40 million per transaction. Barcelona primarily based ANV has been underwriting M&A insurance coverage as an MGA since 2013 and focuses on offering bespoke transaction danger insurance coverage to shoppers in Europe and the U.Ok., with specific experience in Southern Europe. ANV’s worldwide staff of underwriters and claims handlers are primarily based in Barcelona and London.
Alex Christians, ANV’s M&A Underwriting Director commented: “We’re delighted to have Zurich be part of our insurer panel and assist our long-term technique for navigating this dynamic market. Their extra capability will allow us to additional develop protection options for our brokers and shoppers in a market surroundings the place the necessity for secure, long-term protection for M&A transactions is crucial.”
ANV World Companies Ltd. (ANV) is international MGA underwriting specialty dangers from its places of work within the UK, Europe and america of America. ANV focuses on monetary traces and transaction danger (M&A) insurance coverage, providing underwriting options for dangers the place customary fashions can’t be simply utilized and a extra hands-on and solution-oriented underwriting method is required. ANV is a wholly-owned subsidiary of AmTrust Monetary Companies, Inc., an insurance coverage holding firm headquartered in New York, which presents specialty property and casualty insurance coverage merchandise, together with employees’ compensation, enterprise proprietor’s coverage (BOP), common legal responsibility and prolonged service and guarantee protection.
Zurich Insurance coverage Group (Zurich) is a number one multi-line insurer that serves its prospects in international and native markets. With about 55,000 staff, it offers a variety of property and casualty, and life insurance coverage services in additional than 215 nations and territories. Zurich’s prospects embody people, small companies, and mid-sized and huge corporations, in addition to multinational companies. The Group is headquartered in Zurich, Switzerland, the place it was based in 1872. The holding firm, Zurich Insurance coverage Group Ltd (ZURN), is listed on the SIX Swiss Change and has a degree I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Additional details about Zurich is obtainable at www.zurich.com.