ANV Acquires Associated Specialty Insurance Agency
Acquisition of specialty wholesale workers’ compensation agency complements the recent acquisition of Specialty Comp Insurance Solutions
ANV Group Holdings Ltd. (“ANV” or “the Company”), a global insurance intermediary platform, has successfully completed the acquisition of Associated Specialty Insurance Agency LLC (“ASIA”), a wholesale commercial insurance agency headquartered in Springfield, Pennsylvania, focused primarily on workers’ compensation insurance.
Founded in 1994, ASIA is a specialist wholesale agency with over 30 years of experience placing workers’ compensation coverage for brokers and agents across the United States. The company has built a substantial book of stable, highly recurring premium through its trusted network of 600+ active brokers and approximately 20 carrier markets. ASIA has developed a differentiated position in placing artisan contractor risks and serves a broad base of policyholders across the United States.
The transaction follows ANV’s acquisition of Specialty Comp Insurance Solutions (“SCIS”), a monoline workers’ compensation MGA focused on middle-market employers and tough-to-place risks. Together with Risico, ANV’s California-based agricultural workers’ compensation MGA, the additions of ASIA and SCIS establish a scaled, diversified workers’ compensation platform combining wholesale distribution, risk management, and program underwriting across specialty niches including construction, transportation, manufacturing, hospitality, staffing, agriculture, and other complex, high-hazard industries.
