Specialty MGAs Nirvana and Pulse complete merger

London, UK, 5 November 2025 – Managing General Agents (MGAs) Nirvana and Pulse have completed their planned merger following regulatory approval from the Financial Conduct Authority (FCA).

The merger creates a specialty MGA platform with strong capabilities across Media, Technology & Cyber, Accident & Health, Non-standard Life, and Sports lines of business. The combined group has around 40 employees across offices in London, Norwich, Brackley in the UK, Barcelona, Spain, Brussels, Belgium, and Zug in Switzerland.

“We are thrilled to have completed our merger and to be joining forces with Pulse,” said Kabir Chanrai, Chief Executive Officer of Nirvana. “This deal makes us an even stronger home for ambitious and experienced underwriters and enhances our ability to execute on both team hires and select acquisitions.”

Torquil McLusky, Managing Director of Pulse, added: “We are delighted to be coming together with Nirvana and look forward to building the business. Kabir and Rob are great partners with whom we can achieve even more.”

Rob Jones, Executive Chairman of Nirvana, added: “This is an important step forward for Nirvana and we are delighted to be joining forces with Pulse and their talented team to create this underwriting-first specialty MGA platform in the UK and Europe.”

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

Financial terms were not disclosed.

About Nirvana

Nirvana is a European specialty insurance MGA with offices in London and Barcelona, underwriting multiple lines of business including Media & Tech E&O and Cyber. Founded in 2017 by Rob Jones, now Executive Chairman, Nirvana entered a new phase of growth following its 2023 buyout and partnership with insurance investor Kabir Chanrai, pursuing a multi-line expansion strategy across the UK and Europe.

About Pulse

Pulse Insurance Limited is an award-winning specialist insurance business that since 1998 has offered innovative and tailored products to intermediaries and direct to consumers.  Supported by Lloyd’s and company market insurers it provides niche and bespoke products often not available in the standard market.  It provides cover for individuals, SMEs and corporate clients and has expert underwriting teams based in London, Brackley and Norwich.