AnaCap bolsters EU broking portfolio with Edge group buy-in

By Ryan Hewlett

Jan 30 - (The Insurer) - Mid-market private equity investor AnaCap has closed the acquisition of a majority stake in Italian commercial lines insurance broker Edge Group (Edge).

This acquisition marks one of the initial platform investments for AnaCap’s latest flagship fund. Additionally, it is the second platform acquisition for AnaCap in Italy, following the investment in Yard Reaas in April 2024.

Founded in 2014 and headquartered in Milan, Edge distributes commercial insurance lines such as liability, multi-risk polices, and accident and health.

Edge provides broker, risk management, MGA and welfare solutions to a number of corporate clients in Italy, including both SMEs and large corporations.

AnaCap's investment in Edge will be closed alongside the acquisition by Edge of several other brokers.

These investments will increase the group's gross written premiums to over €100mn ($104.5mn), positioning it among the top 10 commercial insurance brokerage group in Italy.

Nassim Cherchali, managing partner at AnaCap, said: “We are delighted to announce this investment into Edge in what is one of the first investments in our latest flagship fund. The insurance market is one that AnaCap knows well, further supported by a strong track record of investment activity in Italy more broadly in recent years.

“Today, there are a number of market tailwinds benefiting brokers in Italy and Edge has an extremely attractive positioning in the market, with exposure to the fastest-growing business lines while also serving a strong corporate client base.”