Managing general agents (MGAs) Nirvana and Pulse have announced plans to merge their businesses.
Pulse is a specialist in non-standard accident, health and life insurance with team based in London, Brackley and Norwich; while Nirvana underwrites a global book of business across media errors and omissions (E&O), tech E&O, cyber, and warranty and indemnity lines, with offices in London and Barcelona.
Kabir Chanrai, CEO of Nirvana, comments: “The Pulse team have built a fantastic business over the past three decades, with a great culture, highly specialised underwriting expertise, and a client-centred approach.
“Our long-term, committed capital from our deep-pocketed investors enables us to provide liquidity to the original shareholders and retired founders of Pulse, while bringing the Pulse management team into our partnership model as co-leaders of the business.”
Torquil McLusky, managing director of Pulse, adds: “The additional financial firepower that Nirvana provides will allow us to grow and evolve much more quickly than would have been possible on our own.
“We are delighted to be coming together with such a like-minded business and can’t wait to take things forward.”
