ANV Completes Acquisition of Flagstone Re’s Lloyd’s Operation

AMSTERDAM--(BUSINESS WIRE)-- ANV Holdings BV, the Dutch headquartered specialty insurance business founded by R. Matthew Fairfield, announced the successful completion of the previously announced acquisition of Flagstone Reinsurance Holdings SA’s Lloyd’s of London (“Lloyd’s”) platform. The acquisition includes Flagstone Syndicate Management Limited (“FSML”), the Lloyd’s managing agency for the wholly aligned Syndicate 1861 together with operations in New York and Brazil. FSML has been renamed ANV Syndicate Management Limited.

In connection with the transaction, Ontario Teachers’ Pension Plan has become the lead investor in ANV.

“The acquisition marks an important step in the development of our business and we are delighted to welcome so many talented people to the ANV team,” said R. Matthew Fairfield, Founder and Chief Executive Officer of ANV. “I am also extremely pleased to have Ontario Teachers’ Pension Plan as a significant investor in our business as a result of this transaction.”

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 organisations 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 www.anv.eu.com.

About Ontario Teachers’ Pension Plan: With $117.1 billion in assets as of December 31, 2011, the Ontario Teachers’ Pension Plan is the largest single-profession pension plan in Canada. An independent organisation, it invests the pension fund’s assets and administers the pensions of 300,000 active and retired teachers in Ontario. For more information visit www.otpp.com.

ANVJeff Watts+34 93 545 9022
[email protected]

Source: ANV