Intermediary platform ANV Group Holdings has entered into a definitive agreement to acquire Iris Insurance Brokers Ltd, which comprises distribution division Blink Intermediary Solutions and managing general agent incubator Vivid Underwriters. London-based Iris was established in 2000 and is a Lloyd’s registered broker that specialises in providing binders, facilities and reinsurance solutions to brokers, insurers, managing general agents and Lloyd’s coverholders.

Adam Karkowsky, chairman and chief executive officer of ANV, said: “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.”

Mark Hutley, managing director at Iris, 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.”

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