Specialty MGA Nirvana announces acquisition of Arena

Brussels, Belgium and London, UK, December 5^th, 2025 - Specialty Managing General Agent (MGA) Nirvana today announced the acquisition of Arena NV from Ryan Specialty.

Arena is a leader in the Belgian sports insurance market, providing cover to federations and clubs across both the Flemish and French-speaking regions. More than 100 federations and 2,300 sports clubs partner with Arena, covering over 1.3 million non-professional athletes.

The transaction marks another milestone in Nirvana’s expansion, following its recent merger with UK-based Pulse Insurance. Arena deepens Nirvana’s existing Sports & Leisure product set, and complements Nirvana’s broader suite of specialty lines, which includes Media/Tech E&O, Cyber, Accident & Health, and Non-Standard Life products.

Eddy Van Den Bosch, General Manager of Arena, said: “We look forward to being part of the Nirvana group and we are excited about the possibilities it holds for our future.”

“We are delighted to be partnering with Arena and adding this fantastic company to our portfolio,” added Kabir Chanrai, Chief Executive Officer of Nirvana. “The Arena team have built an enviable business over the past 30 years, with highly specialised underwriting and claims expertise, and a client-centred approach.”

“We are excited about the addition of Arena to our group,” said Torquil McLusky, Managing Director of Pulse. “We plan to be long term owners and partners, and provide Arena the support and capital it needs to continue its first class client service, as well as provide new products to its client base. Arena and Pulse are strategically very good fits.”

Nirvana continues to pursue growth through organic expansion, strategic hires, and targeted acquisitions. Rob Jones, Executive Chair of Nirvana, said: “The Arena acquisition provides us with a wholly owned continental European trading platform and brings a talented team of insurance professionals into the group.”

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.

About Nirvana & Pulse

Nirvana is a UK and European specialty insurance MGA group with offices in the UK, Spain, and Switzerland. The group underwrites multiple lines of business—including Media, Tech, Cyber, Accident & Health, Life, and Sports—under both the Nirvana and Pulse trading names.

Founded in 2017 by Rob Jones, now Executive Chairman, Nirvana entered a new phase of growth after its 2023 buyout and partnership with insurance investor Kabir Chanrai, pursuing a multi-line expansion strategy across the UK and Europe.

In November 2025, Nirvana and Pulse completed their merger. Pulse Insurance Limited is an award-winning specialist insurance business established in 1998, offering innovative, tailored, and often highly niche insurance products to intermediaries and consumers.