Iris Insurance Brokers Ltd.

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Iris Insurance Brokers Ltd. - overview

Established

2000

Location

London, England, UK

Primary Industry

Insurance

About

Iris Insurance Brokers Ltd. , based in the UK, specializes in providing tailored insurance and reinsurance solutions for brokers, insurers, and MGAs, enhancing their operational efficiency and market competitiveness. Founded in 2000, Iris Insurance Brokers Ltd. operates as an insurance brokerage firm in London, UK.


The company focuses on delivering specialized insurance solutions globally and has successfully navigated the evolving insurance landscape without shifts in core operations. Notably, there have been significant developments regarding its ownership, as Iris Insurance Brokers will be acquired by ANV Group Holdings Ltd. in March 2026, although financial details remain undisclosed. Iris Insurance Brokers offers a comprehensive suite of insurance and reinsurance solutions tailored for brokers, insurers, Managing General Agents (MGAs), and Lloyd's Coverholders globally.


Their core offerings include binders, facilities, and proprietary lineslips that cover an array of risks such as property, general liability, and professional liability. These products empower brokers and intermediaries to manage delegated authority agreements, enhancing their competitive positioning. Iris Insurance Brokers serves a diverse client base across Europe, North America, and Asia-Pacific, addressing the unique needs of the insurance sector and reinforcing their commitment to effective solutions. Iris Insurance Brokers generates revenue primarily through a B2B model, facilitating transactions between their services and clients, including brokers and MGAs.


The company engages in subscription agreements or partnerships, enabling clients to access binders and reinsurance facilities for a fee. The structure of transactions involves service fees associated with customized insurance solutions, reflecting the tailored coverage that meets specific client needs. Although specific pricing details are undisclosed, the offerings of proprietary lineslips and delegated authority agreements play a central role in their revenue generation strategy, positioning Iris Insurance Brokers as a key player in the market. Looking ahead, Iris Insurance Brokers plans to develop and launch new products aimed at enhancing its service offerings.


There is a clear strategy to expand into new geographic markets, specifically targeting regions in Europe and Asia-Pacific by 2026. The recent acquisition by ANV Group Holdings Ltd. will likely provide additional resources to fuel these initiatives. This acquisition is part of the firm's strategy to leverage synergies and enhance its market presence following the deal scheduled for March 2026.


Primary Industry

Insurance

Sub Industries

Health Insurance, Insurance Intermediaries, Life Insurance, Personal Insurance, Reinsurance

Website

www.irisib.com/

Verticals

InsureTech

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Iris Insurance Brokers Ltd. - financials

Fiscal Year EndedSep 30, 2015Sep 30, 2016Sep 30, 2017Sep 30, 2018Sep 30, 2019Sep 30, 2020Sep 30, 2021Sep 30, 2022Sep 30, 2023Sep 30, 2024
Revenue (USD)8,842,505.3619,171,484.3878,973,951.7611,763,496.35913,270,391.50512,170,329.23110,759,570.907---
% Revenue Growth (YoY)-3.7%(2.2%)31.1%12.8%(8.3%)(11.6%)---
EBITDA (USD)537,318.135342,817.889853,775.5441,808,704.2972,791,157.8671,522,589.353642,313.88---
Operating Income (USD)487,026.531305,085.695820,776.4161,781,059.972,471,370.41905,986.933(26,841.098)---
Operating Margin5.5%3.3%9.1%15.1%18.6%7.4%(0.2%)---
% EBITDA Margin6.1%3.7%9.5%15.4%21.0%12.5%6.0%---
NET Income (USD)367,072.093388,197.842637,900.5091,407,715.7711,931,409.399842,147.425(118,154.887)---
% Net Margin4.2%4.2%7.1%12.0%14.6%6.9%(1.1%)---

Iris Insurance Brokers Ltd. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onAnnouncedIris Insurance Brokers Ltd.-

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