ANV Holdings BV, the Dutch headquartered global specialty insurance group, has 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.”