R Matthew Fairfield News

ANV Divests its NYC Marine & Energy Insurance Business

ANV Holdings BV (ANV), a Dutch-headquartered specialty insurance business, signs agreement with Tower Group International, Ltd. (Tower) for the transfer of the unearned premium reserves on its marine and energy business previously written from its New York, NY office. As part of the transaction the team led by Messrs. Guarnera and Kaufmann will transfer from ANV to Tower in order to service the in-force policies for inland marine, off-shore energy, marine hull, cargo and liabilities currently serviced from the ANV New York office. ANV will continue to actively grow and promote its Marine and Energy business and customers from its London offices and through ANV Syndicate 1861. “This divestiture will enable ANV to pursue new investments in growing lines of business,” said R.