Reinsurance News
Nirvana
Nirvana and Pulse merge to create specialty MGA platform
7th November 2025
Managing General Agents (MGAs) Nirvana and Pulse have officially completed their planned merger, following regulatory approval from the Financial Conduct Authority (FCA). Financial terms were not disclosed. The newly combined entity established a significant specialty MGA platform with enhanced capabilities across five lines of business: Media, Technology & Cyber, Accident ... Read the full article
Specialty MGAs Nirvana and Pulse to merge
3rd April 2025
Specialty Managing General Agents (MGAs) Nirvana and Pulse have announced plans to merge. Pulse specialises in non-standard Accident, Health, and Life insurance, offering coverage to individuals often declined by mainstream insurers. Nirvana underwrites a global portfolio across Media Errors & Omissions (E&O), Tech E&O, Cyber, and Warranty & Indemnity insurance and is ... Read the full article
Nirvana Insurance secures $80m in Series C funding round
13th March 2025
Data and telematics insurtech Nirvana Insurance has completed an $80 million Series C funding round, valuing the company at nearly $850 million, led by General Catalyst along with continued support from existing investors, Lightspeed Venture Partners and Valor Equity Partners. The funding round came after Nirvana reported that it has exceeded ... Read the full article
Nirvana Insurance boosts capacity with MS Transverse collaboration
21st October 2024
Data and telematics insurtech Nirvana Insurance has reached an agreement with MS Transverse Insurance Company, a subsidiary of MS&AD Insurance Group Holdings, to boost its capacity, accelerate its growth trajectory and enable the delivery of best-in-class insurance solutions. The added support of MS Transverse and the global resources of MS&AD positions ... Read the full article
García-Beltrán to lead underwriting for Aviva and Nirvana new European cyber insurance binder
4th September 2024
Insurance and financial services company Aviva and Nirvana, a media, tech and cyber Managing General Agent (MGA) have announced a new partnership and European cyber insurance binder. Through the multiyear agreement, Nirvana will have the authority to underwrite cyber risk on behalf of Aviva within the European Economic Area. Clients will benefit ... Read the full article
MGA Nirvana renews MTC binding authority
6th June 2024
Specialty managing general agent (MGA) Nirvana has announced the renewal of its Media/Technology Errors & Omissions and Cyber (MTC) binding authority with an increased £10mn Media Liability line. It has also expanded authority in Technology and Cyber lines, including new coverage for the financial software industry. Additionally, Nirvana MTC has expanded SCOR’s ... Read the full article
Nirvana Insurance capacity growth supported by top-tier reinsurers
11th March 2024
Commercial insurer Nirvana Insurance has announced it has doubled capacity with the support of a number of top-tier reinsurance partners, becoming one of the fastest-growing trucking insurers of all time. Driven by artificial intelligence (AI), telematics, and computer vision, Nirvana was founded in 2021 looking to improve safety for everyone on ... Read the full article
Nirvana names Andrea García-Beltrán as Head of Cyber Europe
8th February 2024
Nirvana, a UK-based specialty MGA, has appointed Andrea García-Beltrán to the newly-created position of Head of Cyber Europe. García-Beltrán, a seasoned veteran in cyber insurance, will assume her role in March. She brings a wealth of experience, having served as Head of Cyber Underwriting at RSA until 2022, followed by a ... Read the full article
SiriusPoint and Nirvana Insurance announce new partnership
12th December 2023
Nirvana Insurance, an AI and Technology-powered insurance provider specialising in US commercial auto insurance, has entered into a new strategic partnership with specialty re/insurer SiriusPoint to expand its offering with a new non-fleet program. Patrick Charles, Head of North America Insurance at SiriusPoint, commented: “We have been providing capacity to Nirvana ... Read the full article
Nirvana partners with KYND to strengthen cyber underwriting
18th October 2023
Nirvana, a UK-based specialty MGA, has partnered with KYND Limited, a provider of cyber risk management technology and services, to "empower its underwriting team with advanced and actionable insights into organisational cyber exposure." Nirvana noted that through this partnership, its underwriting team will now benefit from access to KYND Signals Client ... Read the full article
MGA Nirvana launches European W&I binder, headed by Thomas Mannsdorfer
21st September 2023
Nirvana, a newly launched Media, Tech and Cyber MGA, has launched its new European SME Warranty & Indemnity (W&I) binder, led by mergers & acquisitions (M&A) underwriting expert, Thomas Mannsdorfer. According to the announcement, the team has a total available line size of €20 million, in partnership with a select ... Read the full article
Nirvana partners with Insureflow, to help drive efficiencies and grow the business
19th May 2023
Nirvana, the Media, Tech and Cyber-focussed managing general agent (MGA), has announced it has chosen to partner with Insureflow, an insurance software solutions provider, to help drive efficiencies and grow the business. Chanrai, the Founding Director of Nirvana said, “We are excited about our partnership with Insureflow. We think Insureflow’s technology ... Read the full article
Pro Global backs launch of specialty MGA Nirvana
18th April 2023
Pro MGA Global Solutions, the independent managing general agent (MGA) incubation division of global re/insurance guidance provider Pro Global Holdings Limited, has announced a partnership with specialty MGA Nirvana. Backed by A+ rated Lloyd’s and companies market capacity, Nirvana Risk Partners is a specialist underwriting team focused on the media, technology ... Read the full article
MGA Nirvana appoints Mannsdorfer to build out European underwriting team
23rd March 2023
Newly-launched media, tech and cyber MGA Nirvana has appointed industry veteran Thomas M. Mannsdorfer as part of its leadership team to build out a European underwriting business. Mannsdorfer has over two decades of experience as a mergers and acquisitions (M&A) underwriter across European markets. In the new role, he is tasked with ... Read the full article
MGA Nirvana launches in London following management buyout from Castel
9th March 2023
Nirvana, a managing general agent (MGA), has launched in London after acquiring Nirvana Risk Partners, - a leading media, tech and cyber underwriter, from MGA formation platform Castel Underwriting Agencies in a management buyout. Backed by a number of leading insurance carriers, Nirvana has been set up by Founding Directors Kabir ... Read the full article
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