Netherlands-based ANV has launched its first US Market Managing General Underwriter (MGU) for directors and officers.
Headed by Peter McKeegan, the team will underwrite financial lines for the US Market from its New Jersey offices, according to the Dutch specialty insurer.
With the launch of US MGU, the group marks a first step by ANV in growing its MGU operations in the US market.
Under Peter his leadership, this group will concentrate 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.
Apart from this, the team will underwrite stand-alone and combined form employment practices liability insurance and fiduciary liability. The team is backed by the capital, underwriting insight and services support of ANV Syndicate 1861 at Lloyd’s.
The team will focus to provide underwriting solutions for risks where standard models cannot be easily applied and more hands-on and solution-oriented underwriting approach is needed.
Peter managed the professional lines business at American Safety Insurance prior to joining ANV.
Apart from spending 15 years at AIG, he was involved in the start-up of the D&O operations at Arch, IronPro and Rockhill Insurance.
ANV founder and CEO R Matthew Fairfield said: "The US market is a strategic priority and a natural evolution of ANV’s business, because of its size and its unique underwriting opportunities.
"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."