18 April 2023Analysis

Pro Global unveils incubation partnership with Nirvana

Pro MGA Global Solutions, the independent managing general agent (MGA) incubation division of global re/insurance guidance provider, Pro Global Holdings, has announced an incubation partnership with specialty MGA Nirvana.

Nirvana is led by chief executive Kabir Chanrai and executive chairman Rob Jones, together with head of Europe Thomas Mannsdorfer and experienced sector underwriter Glenn Crickmar. The business was established in 2017 as part of Castel Underwriting agencies (Castel), and the incubation partnership with Pro MGA Global Solutions follows Nirvana’s successful management-led buyout (MBO) from Castel in March 2023.

Nirvana’s insurance portfolio encompasses media liability; film and television liability; technology liability; and cyber liability developed for all sizes of business from SMEs to larger corporates. Nirvana said it has plans to grow into a diversified service- and underwriting-first MGA through hires and acquisitions of existing MGAs.

Pro MGA Global Solutions will provide regulatory, operational and technical support to help the team at Nirvana continue their successful growth.

Kabir Chanrai said: “Nirvana’s goal is to deliver insurance solutions that span the full risk spectrum, and as we move onto the next phase of our growth, we are focused on expanding the innovative global package of media and technology liability products we have developed through both organic and inorganic channels.

“Following the buyout, we are looking for a seamless transition to an independent MGA, and we are very pleased to be partnering with Danny and team, who I’m confident will apply their leading technical expertise to continue to enable the global vision of our business.

“This is a very exciting time to be launching Nirvana independently, and I’m looking forward to driving ahead with our underwriting first and service first mindset. With Pro MGA Global Solutions’ expert support, we can stay focused on pursuing our long-term growth strategy and delivering valuable solutions to our clients.”