Dutch-headquartered global specialty insurance group, ANV Holdings, has confirmed that its founder, Matthew Fairfield is stepping down effective immediately as the company's CEO and 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 Lloyd’s business.
Andrew Hall has been appointed interim managing director of ANV’s Lloyd’s Managing Agency, subject to regulatory approval.
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, the plan’s senior vice-president of public equities added: “Teachers’ is fully committed to ANV and to achieving the company’s long-term growth potential.”
“We recognise Fairfield’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 Cross, van Loon, and the rest of the executive team, as we search to identify a long-term successor.”
