Nirvana announces expansion into Sweden with acquisition of Ryan C&S

Stockholm, Sweden and London, UK, 8th July 2026 - Specialty Managing General Agent (MGA) Nirvana today announced the signing of a definitive agreement to acquire certain assets of Ryan C&S (“C&S”), a division of Ryan Specialty Nordics, from Ryan Specialty Europe GmbH, a subsidiary of Ryan Specialty, LLC (“Ryan Specialty”).

C&S provides a broad range of insurance products to public entities across Sweden and consists of a five-person team of experts led by Managing Director Jan Hallberg, benefiting from decades of experience in this area. The ongoing business will transfer to Nirvana.

The transaction marks another milestone in Nirvana’s expansion, following its recent merger with UK-based Pulse Insurance Limited and acquisition of Arena NV in 2025.

Hallberg said: "I am extremely proud of what our team has built over the years and of the reputation we have earned in the Swedish public entity market. Nirvana and Arena share our entrepreneurial spirit and long-term commitment to specialist underwriting. This transaction creates exciting opportunities for our employees, brokers and clients, while ensuring the continuity of service and expertise that has always been our priority. We are grateful to Ryan Specialty for their support in our journey over the last few years."

“We are delighted to be partnering with Jan and adding this leading portfolio to our group,” added Kabir Chanrai, Chief Executive Officer of Nirvana. “This expansion also gives us a first foothold in Sweden and the potential to expand across the Nordics.”

C&S will be acquired by Nirvana’s Belgian subsidiary, Arena, and will trade under the Arena name.

Neither business plans any changes to their teams as a result of the transaction, and brokers and clients will therefore continue to interact with their usual underwriter contacts without disruption to service.

Financial terms were not disclosed. The acquisition is expected to close during the second half of 2026, subject to regulatory approvals and customary closing conditions.

Howden Capital Markets & Advisory is acting as exclusive financial advisor to Ryan Specialty.