ANV Group Holdings Ltd. (“ANV”), a global insurance intermediary platform, today announced that it has entered into a definitive agreement to acquire Iris Insurance Brokers Ltd. (“Iris”), subject to regulatory approval.

The acquisition strengthens ANV’s UK distribution capabilities, while providing a platform to launch UK MGAs, scale teams, and enhance access to the Lloyd’s insurance markets across a broad range of products.

Founded in 2000 and headquartered in London, Iris operates through three core segments: Iris, which acts as the Lloyd’s wholesale brokerage, Blink Intermediary Solutions, and Vivid Underwriters. The Lloyd’s business is Iris’ most mature segment, with a specialisation in the placement of (re)insurance capacity on behalf of brokers, MGAs, and Lloyd’s coverholders. Blink Intermediary Solutions offers bespoke distribution services and unique insurance products to most of the active retail brokers in the UK. Iris’ newest segment, Vivid Underwriters, was launched in 2025 as an MGA and team hire incubation platform. The first MGA was launched in December 2025 and is focused on low touch, high volume business sold through digital distribution channels.

“This is a strategic transaction that complements ANV’s existing UK business and is consistent with our long-term growth strategy. Blink will immediately strengthen our distribution capabilities across the UK. Vivid, Iris’ MGA incubator, is consistent with ANV’s entrepreneurial approach to launching and developing MGAs,” said Adam Karkowsky, Chairman and Chief Executive Officer of ANV.

Mark Hutley, Managing Director at Iris, said: “Joining ANV represents a compelling next phase for Iris. The group’s long‑term perspective and international MGA platform provide the right environment to scale our Lloyd’s brokerage, expand Blink’s distribution capabilities and accelerate the development of Vivid as an MGA incubator. With the backing of ANV, we gain greater access to opportunities and capacity which will provide Iris and its various segments with accelerated growth.”

The transaction is expected to close in Q2 2026, subject to regulatory approval.