AMSTERDAM--(BUSINESS WIRE)--ANV Holdings BV, the Dutch headquartered specialty insurance business today announced the opening of its first US Market Managing General Underwriter (MGU). Led by Peter McKeegan, the team will underwrite Financial Lines for the US Market out of its New Jersey Offices (www.anv.us.com/financiallines). The group marks a first step by ANV in growing its MGU operations in the US market.
Peter brings many years of D&O and management liability underwriting experience to ANV. Under his leadership, this group will focus on Management and Professional Liability with a specific emphasis on primary and follow-form excess liability D&O for private, non-profit and select public entities. In addition to this work, the team underwrites stand-alone and combined form employment practices liability insurance and fiduciary liability.
Operating as an MGU, the team is backed by the capital, underwriting insight and services support of ANV Syndicate 1861 at Lloyd’s. A key area of focus for the team is to provide underwriting solutions for risks where standard models cannot be easily applied and more hands-on and solution-oriented underwriting approach is needed.
Before joining ANV, Peter led the professional lines business at American Safety Insurance. With more than 30 years of Professional Lines experience, he was involved in the start-up of the D&O operations at Arch, IronPro and Rockhill Insurance, in addition to his more than 15 years at AIG, where he led underwriting divisions for both commercial and financial lines. He is joined by fellow underwriters Joseph Costello and Stephanie Rubio.
“The US market is a strategic priority and a natural evolution of ANV’s business, because of its size and its unique underwriting opportunities,” explains R. Matthew Fairfield, Founder and Chief Executive Officer of ANV. “Pete brings deep experience and creativity with an historical perspective that few underwriters in the market can match for these products. We are excited to bring this level of expertise to the US market.”
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 MGU as well as a risk-bearing insurer. With offices in Hong Kong, Barcelona, London, Rio de Janeiro and New Jersey, ANV has built a team of leading underwriting specialists focused on providing solutions for specialty risks on a global basis. For more information, visit www.anv.us.com.