LONDON--(BUSINESS WIRE)--ANV Holdings BV, the Dutch headquartered global specialty insurance group, today confirmed that its founder, R. Matthew Fairfield is stepping down effective immediately as the Company's Chief Executive Officer and as a member of the Board.
While a search for a new chief executive is underway, Lynsey Cross, ANV Chief of Staff, will serve as interim CEO, with Gerard van Loon, Director of Underwriting, continuing to lead the underwriting platform of the company’s successful Lloyd’s business. Andrew Hall is appointed interim Managing Director of ANV’s Lloyd’s Managing Agency, subject to regulatory approval.
Mr. Fairfield said: "It has been a privilege to lead ANV to the position it has achieved today, with over $1 billion of managed premium, producing growing profits and with a re-shaped business and team to go forward to create a truly differentiated competitor. I leave the business in good shape for my chosen successor".
ANV's lead investor is Ontario Teachers’ Pension Plan. Michael Wissell, Senior Vice-President, Public Equities at Teachers’ said: “Teachers’ is fully committed to ANV and to achieving the company’s long-term growth potential. We recognise Matt’s vision and energy in establishing ANV and wish him well in his next steps. We look forward to continuing our strong working relationship with Lynsey Cross, Gerard van Loon, and the rest of the executive team, as we search to identify a long-term successor.”
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 organisations as an MGU as well as a risk-bearing insurer. With Lloyd’s syndicates 1861, 5820 and 779, and offices in Barcelona, London, Rio de Janeiro, New Jersey and Kansas 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 www.anv.eu.com.
About Ontario Teachers’ Pension Plan
With $154.5 billion in net assets as of December 31, 2014, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets and administers the pensions of 311,000 active and retired teachers in Ontario. For more information, visit www.otpp.com.