ANV Group Acquires Assured Underwriting Group to Expand European Insurance Portfolio
ANV Group Holdings Ltd. has concluded a definitive deal to acquire Assured Underwriting Group (AUG), a managing general agent (MGA) specializing in financial protection products for the travel sector. This acquisition is strategically aimed at bolstering ANV's presence in the European insurance market and expanding its portfolio of niche underwriting operations.
The deal, awaiting approval from the U.K. Financial Conduct Authority, is expected to close in the third quarter of 2026. Financial details remain undisclosed, with ANV purchasing AUG from Mobeus, a U.K.-based private equity firm.
Founded in 1983 and headquartered in London, Assured Underwriting Group is recognized as a leading underwriter of insurance-backed travel bonds in the U.K. The company extends its services across Continental Europe, notably in France and Germany. AUG also underwrites financial failure insurance and provides advisory services to tour operators on regulatory and insolvency compliance across the U.K. and the European Union.
Serving over 1,600 clients in more than 10 European countries, AUG offers products that help travel operators comply with mandatory insolvency protection regulations. The company's established position in the travel insurance sector provides ANV increased exposure to a market requiring specific regulatory expertise and long-term customer relationships.
The acquisition aligns with ANV's goal of building a diversified global insurance intermediary platform by acquiring specialist MGAs in niche sectors. Integrating AUG will enhance ANV's underwriting capabilities, broaden its European presence, and expand the range of insurance products offered through its portfolio.
Adam Karkowsky, chairman and CEO of ANV, emphasized their commitment to partnering with specialist underwriting firms known for disciplined growth and expertise. He stated, "AUG will continue as a best-in-class underwriting franchise, with deep expertise in travel protection and a long track record of disciplined, profitable underwriting."
Richard Watson, CEO of AUG, noted that joining ANV will provide access to long-term investment capital and established underwriting capacity relationships, aiding in their continued expansion across Europe and beyond. "We are confident this is the right home for our business, our people, and our clients," Watson added.
Following the acquisition, ANV aims to solidify its status as an independent global insurance intermediary operating in the United States, the United Kingdom, and Europe. The company is dedicated to expanding its platform of specialist MGAs offering expertise and specialized insurance products to commercial markets.
Assured Underwriting Group received financial advice from Grant Thornton and legal counsel from Clyde & Co. Meanwhile, ANV was advised financially by Macquarie Capital and PwC, with legal counsel from Freshfields.