Global insurance intermediary platform ANV Group has entered into a definitive agreement to acquire Assured Underwriting Group Limited (AUG), a specialist MGA providing insurance-backed financial protection products to tour operators and the travel sector across the United Kingdom and Europe, from private equity firm Mobeus.
Founded in 1983 and headquartered in London, AUG is led by Chief Executive Officer Richard Watson and Chief Operating Officer Walter McCulloch, and serves over 1,600 clients across more than 10 European countries.
ANV described AUG as the UK’s leading underwriter of insurance-backed travel bonds, with a growing presence across Continental Europe, including France and Germany.
In addition to travel bonds, AUG also reportedly underwrites financial failure insurance and provides a full suite of consulting services to tour operators seeking advice on the complex regulatory and insolvency requirements that govern UK and EU travel.
Adam Karkowsky, Chairman and Chief Executive Officer of ANV, commented, “AUG will continue to be a best-in-class underwriting franchise with deep expertise in travel protection and a long track record of disciplined, profitable underwriting.
“This acquisition is fully aligned with ANV’s strategy of partnering with specialist MGAs in niche markets, and we’re excited to work with Richard, Walter and the team to build on this strong foundation and support the company’s next phase of growth.”
Richard Watson, Chief Executive Officer of Assured Underwriting Group, said, “This partnership marks an exciting new chapter for AUG. ANV’s long-term investment approach, established capacity relationships, and global infrastructure are ideally suited to support our continued expansion across Europe and beyond. We are confident this is the right home for our business, our people, and our clients.”
The transaction is subject to regulatory approval from the UK Financial Conduct Authority and is expected to close in the third quarter of 2026.
