City law firm RPC has acted for Dutch based ANV Holdings in the combination of its underwriting business with Jubilee Managing Agency

The merger will see ANV and Jubilee combine their Lloyd's managing agency operations to create an underwriting business, ANV Syndicate Holdings (ASML) with managed capacity of over £400m.  As part of the deal, ANV will hold an 80% stake in ASML, while Jubilee owners, Ryan Specialty Group will own the remaining 20%. A link to ANV's press release is here.

Head of Corporate Insurance, James Mee, Private Equity Partner David Wallis, and Peter Hill led the RPC team.

The deal is the latest in a string of successful transactions recently advised on by RPC's Corporate Insurance practice.

"This deal is fantastic for all parties concerned, and we are delighted to partner with the ANV team and their other advisers on reaching this important milestone,"  said James Mee.

This latest transaction follows RPC's advice to ANV in 2012 on its $250m investment by Ontario Teachers' Pension Plan Board and its acquisition of Flagstone Reinsurance's Lloyd's operations.