Specialty MGA Nirvana announces acquisition of Arena

Nirvana Underwriting has acquired Arena, the Belgian sports insurance provider previously owned by Ryan Specialty.

Arena works with more than 100 federations and 2,300 sports clubs, covering over 1.3 million non-professional athletes across Belgium.

The deal expands Nirvana’s Sports & Leisure portfolio and follows its recent merger with UK-based Pulse Insurance, giving the MGA a fully owned European trading platform.

Terms were not disclosed.

“We are delighted to be partnering with Arena and adding this fantastic company to our portfolio. 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.” – Kabir Chanrai, Chief Executive Officer of Nirvana.