ANV founder and chief executive Matt Fairfield steps down

ANV founder Matt Fairfield has stepped down as the Dutch-headquartered Lloyd’s insurer’s chief executive and board member.

The insurer’s chief of staff Lynsey Cross will serve as interim chief executive while the company searches for a new head.

Underwriting director Gerard van Loon will continue to lead the underwriting platform of the ANV’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. Teachers’ senior vice-president of public equities Michael Wissell 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.”