Nexus Underwriting to acquire Arma Underwriting
Nexus Underwriting , a Brown & Brown group business, announces that it has entered into an agreement to acquire Arma Fusion Limited, the parent company of Arma Underwriting .
Arma is a specialty reinsurance MGA based in the Dubai International Financial Centre (‘DIFC’) in Dubai, UAE, focusing on Property, Energy, Liability, Consumer and Accident and Health (A&H) reinsurance lines.
This is Nexus’ 18th MGA acquisition since inception and marks the first MGA acquisition since they were acquired by Brown & Brown in October 2023.
Arma will continue to be led by founder and Chief Executive Officer (CEO) Michael Rafter, who will work with James Lawrie (Nexus CEO UK, Europe & International) to further grow within the Middle East.
