Backed by A+ rated Lloyd’s and companies market capacity, Nirvana Risk Partners is a specialist underwriting team focused on the media, technology and cyber sectors targeting organic and inorganic growth to fuel its expansion
London, 17 April, 2023: Pro MGA Global Solutions, the independent managing general agent (MGA) incubation division of global re/insurance trusted guidance provider, Pro Global Holdings Limited (Pro), is excited to announce its incubation partnership with specialty MGA Nirvana.
Nirvana is led by CEO Kabir Chanrai and Executive Chairman Rob Jones, together with Head of Europe Thomas Mannsdorfer and experienced Sector Underwriter Glenn Crickmar. The business was established in 2017 as part of Castel Underwriting agencies (Castel), and the incubation partnership with Pro MGA Global Solutions follows Nirvana’s successful management-led buyout (MBO) from Castel in March 2023.
Nirvana’s insurance portfolio encompasses media liability; film and television liability; technology liability; and cyber liability developed for all sizes of business from SMEs to larger corporates. Nirvana has ambitious plans to grow into a diversified service- and underwriting-first MGA through hires and acquisitions of existing MGAs.
Pro MGA Global Solutions will provide regulatory, operational and technical support to help the team at Nirvana continue their successful growth.
Kabir Chanrai said: “Nirvana’s goal is to deliver insurance solutions that span the full risk spectrum, and as we move onto the next phase of our growth, we are focused on expanding the innovative global package of media and technology liability products we have developed through both organic and inorganic channels.
Following the buyout, we are looking for a seamless transition to an independent MGA, and we are very pleased to be partnering with Danny and team, who I’m confident will apply their leading technical expertise to continue to enable the global vision of our business.
This is a very exciting time to be launching Nirvana independently, and I’m looking forward to driving ahead with our underwriting first and service first mindset. With Pro MGA Global Solutions’ expert support, we can stay focused on pursuing our long-term growth strategy and delivering valuable solutions to our clients.”
Danny Maleary, CEO of Pro MGA Global Solutions, added: “It’s a pleasure to work with the entrepreneurial Nirvana team who have so successfully built out the business focusing on innovative and profitable cyber, media and technology liability products.
Here at Pro MGA Global Solutions, we have extensive experience of the Lloyd’s and London company markets across a wide range of disciplines in brokers, service providers and insurers, as well as highly relevant experience in the MGA arena across the companies market and international platforms.
I’m looking forward to bringing the full strength of our network to bear to support the strong growth that is on the horizon for Nirvana in a sustainable way by providing a platform with full regulatory oversight and operational support. This will empower the high caliber Nirvana team to focus on what they do best: developing innovative products that help solve real world challenges for their clients.”
About Nirvana Risk Partners
Enjoying long standing partnerships with some of the most recognisable global media and technology organizations, Nirvana are leading experts in media and tech insurance in London and internationally. Nirvana Risk Partners was founded by Rob Jones in 2017 as a trading division within the Castel Underwriting Agencies platform.
Based in the London Insurance Market, Nirvana’s underwriting capacity is provided by A+ rated Lloyd’s syndicates and insurance company capacity.
Nirvana’s infrastructure is built upon the tried-and-tested foundations of the Castel MGA underwriting platform.
For more information, please visit: http://www.nirvanarisks.com/
About Pro MGA Global Solutions
Pro MGA Global Solutions is an independent incubation partner that scales with clients’ ambitions. Pro MGA Global Solutions offers both entrepreneurial support – including set up, guidance and regulatory oversight that enables MGAs to flourish – together with operational support including underwriting oversight expertise and regulatory platforms that enable MGAs to trade.
For more information, please visit: https://pro-global.com/pro-mga/