ANV Group Holdings Ltd. ("ANV"), a global insurance intermediary platform, has completed its acquisition of Open Lending, a provider of insurance-backed lending enablement and risk analytics solutions for financial institutions. The transaction, originally announced on June 16, 2026, has received all required regulatory approvals, and Open Lending is now a privately held company. The deal marks ANV's entry into the automotive lending enablement sector, an adjacent market to its core specialty insurance and underwriting operations.

Founded more than two decades ago, Open Lending partners with financial institutions — including credit unions, banks, and finance companies — to expand access to automotive financing through its proprietary risk decisioning technology and insurance-backed credit solutions. The company's model uses credit insurance to help lenders extend loans to near-prime and non-prime borrowers while mitigating default exposure, a segment of the auto finance market that traditional underwriting approaches often underserve. The acquisition adds this differentiated lending enablement business to ANV's specialty platform, complementing the company's existing insurance expertise and broader growth strategy.

"We are pleased to welcome Open Lending to ANV," said Adam Karkowsky, Chairman and Chief Executive Officer of ANV. "This acquisition advances our strategy of building market-leading, specialty underwriting businesses and further strengthens our insurance-backed credit strategy. Open Lending's capabilities complement our specialty platform, and we look forward to supporting its continued growth as part of ANV."

Jessica Buss, Chief Executive Officer of Open Lending, added: "We're proud of the business we've built and the trust our customers have placed in us. We look forward to building on that foundation as part of ANV and continuing to help financial institutions manage risk and grow their lending portfolios."

The combination reflects a broader pattern of consolidation across specialty insurance and insurtech-adjacent markets, where established underwriting platforms have sought to diversify revenue streams by acquiring technology-driven businesses that serve related parts of the credit and risk ecosystem. Together, ANV and Open Lending intend to leverage their complementary strengths to help financial institutions expand access to credit while creating long-term value for customers, partners, and employees.