Fri, 20 Mar 2026 | BUSINESS SALE
Iris Insurance Brokers, a London-headquartered broker, is set to be acquired by insurance intermediary platform ANV Group Holdings. According to Iris Managing Director Mark Hutley, the transaction will provide the company with “greater access to opportunities and capacity”.
Iris Insurance Brokers, which was founded in 2000, operates through three core segments: Iris, Blink Intermediary Solutions and Vivid Underwriters.
Iris, the company’s Lloyd’s wholesale broker business, specialises in placing (re)insurance capacity on behalf of brokers, Managing General Agents (MGAs) and Lloyd’s Coverholders.
Through Blink Intermediary Solutions, the company offers bespoke distribution services and insurance products to most of the UK’s active retail brokers.
Vivid Underwriters, which was launched last year, is an MGA and team hire incubation platform. The business launched its first MGA in December 2025 and focuses on low touch, high volume businesses sold via digital distribution channels.
According to ANV Group Holdings, the acquisition of Iris Insurance Brokers will strengthen its UK distribution capabilities and provide a platform to launch MGAs in the UK, enhance access to the Lloyd’s insurance markets and scale teams.
ANV Group Chairman and Chief Executive Adam Karkowsky said that the acquisition was a strategic transaction that complemented the group’s existing UK business and aligns with its long-term growth strategy.
He continued: ”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.”
Iris Managing Director Mark Hutley added: “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.”
In accounts for the year to September 30 2024, Iris Insurance Brokers Limited reported turnover of around £8.9 million, down from £9.8 million a year earlier, while seeing pre-tax profits fall from slightly over £1 million to around £277,000.
Directors said at the time that the group’s continued profitability, occurring in “an increasingly complex financial and regulatory environment”, reflected “the strength of our financial management and the operational resilience of the IRIS Group.”
The deal is subject to regulatory approval and is expected to close during Q2 2026.
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