JDC TECHNICAL EVALUATION REPORT

Subject: Blackstone Insurance Brokers Ltd (13689441)

Reference UID: 4036

Market Authority: London & International Markets

Case Ref: 00024E011A01

Date: 1^st March 2026

Status

Completed. Blackstone (BXCI) completed the acquisition and spin-off of the MGA platform from AmTrust Financial Services in December 2025. The group now operates as an independent multinational MGA managing UK liabilities for Collegiate and Arc Legal.

Event

Blackstone Credit & Insurance (BXCI) partnered with AmTrust Financial Services to spin off a portfolio of managing general agencies (MGAs) into a new independent company – ANV Group Holdings Ltd. (08121350)

The Detail

The transaction closed in December 2025. It includes 7 key subsidiaries, most notably Collegiate and Arc Legal, which are major players in the UK Professional Indemnity and Legal Expenses markets.

Key Fact

This creates a multinational MGA platform managing significant UK liability, backed by a 10-year capacity agreement.

Additional Comment

N/A