{"id":33186,"date":"2024-12-23T06:49:35","date_gmt":"2024-12-23T12:49:35","guid":{"rendered":"https:\/\/www.bbrown.com\/?post_type=insight&p=33186"},"modified":"2025-10-10T08:05:20","modified_gmt":"2025-10-10T13:05:20","slug":"nexus-underwriting-enters-into-agreement-to-acquire-arma-underwriting","status":"publish","type":"insight","link":"https:\/\/www.bbrown.com\/uk\/insight\/nexus-underwriting-enters-into-agreement-to-acquire-arma-underwriting\/","title":{"rendered":"Nexus Underwriting Enters Into Agreement to Acquire Arma Underwriting"},"content":{"rendered":"

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Acquisition<\/p>\n

\n Nexus Underwriting Enters Into Agreement to Acquire Arma Underwriting\n <\/h1>\n\t\n <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_section section_padding_top=”pt-3″ section_padding_bottom=”pb-1″ full_width=”stretch_row” el_class=”overflow-visible”][vc_row row_padding_top=”pt-4″ el_class=”overflow-visible overlapping-row”][vc_column el_class=”overlapping-column”][vc_single_image image=”33199″ img_size=”1082×439″ alignment=”center” css=”” el_class=”brand-rounded-corners-right”][\/vc_column][\/vc_row][\/vc_section][vc_row row_padding_top=”pt-1″][vc_column][vc_column_text css=””]We are delighted to announce that Nexus Underwriting (\u2018Nexus\u2019), a Brown & Brown group business, has entered into an agreement to acquire Arma Fusion Limited, the parent company of Arma Underwriting Limited<\/a> (\u2018Arma\u2019).<\/p>\n

Arma is a leading specialty reinsurance MGA based in the Dubai International Financial Centre (\u2018DIFC\u2019) in Dubai, UAE, focusing on Property, Energy, Liability, Consumer and Accident and Health (A&H) reinsurance lines.<\/p>\n

Founded in 2017, Arma has quickly built up a strong reputation demonstrated by longstanding relationships with excellent capacity partners, diversity of product offerings to the local market, strong service and tailored solutions for broker partners. Arma was awarded MGA of the year in the Middle East Insurance Industry Awards in 2023.<\/p>\n

This is Nexus\u2019 18th MGA acquisition since inception and marks the first MGA acquisition since they were acquired by Brown & Brown in October 2023.
\nArma 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.<\/p>\n

Stuart Rouse, Kentro and Nexus Group Chief Executive Officer, said: \u201cThis acquisition signifies our ambition to continue investing in the rapidly growing insurance markets of Dubai and the Middle East. Arma\u2019s business, with its range of specialty commercial products underpinned by significant underwriting specialization, will expand and enhance our existing product offering. This investment demonstrates our ambition to drive results not only through strong organic growth, but also through strategic acquisitions of organizations that fit culturally and make sense financially.\u201d<\/p>\n

Commenting on the deal, James Lawrie, Nexus CEO UK, Europe & International, said: \u201cArma is a highly respected and well-established business, and I have been hugely impressed by the team\u2019s entrepreneurial mindset, extensive technical underwriting experience and track record in delivering underwriting returns to capacity partners. I look forward to working closely with them as they embark on the next stage of their journey as part of the Nexus team.\u201d<\/p>\n

Michael Rafter, Arma founder and CEO, added: \u201cWe are thrilled to announce this significant milestone for Arma Underwriting, marking an exciting new chapter for our company and all our stakeholders\u2014including our dedicated employees, valued capacity and broker partners as well as loyal cedants. Joining forces with Nexus is a remarkable opportunity. We have found in them to be a partner who is not only strategically aligned but also shares our cultural values. This partnership positions us perfectly to accelerate our ambitious growth plans in the region.\u201d[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row row_style=”page-hero” row_padding_top=”pt-0″ row_padding_bottom=”pb-5″ full_width=”stretch_row_content” css=”.vc_custom_1750779657728{padding-bottom: 200px !important;}” el_class=”bg-brand-linear-gradient-vertical”][vc_column][\/vc_column][\/vc_row][vc_section section_padding_top=”pt-3″ section_padding_bottom=”pb-1″ full_width=”stretch_row” el_class=”overflow-visible”][vc_row row_padding_top=”pt-4″ el_class=”overflow-visible overlapping-row”][vc_column el_class=”overlapping-column”][vc_single_image image=”33199″ img_size=”1082×439″ alignment=”center” css=”” el_class=”brand-rounded-corners-right”][\/vc_column][\/vc_row][\/vc_section][vc_row row_padding_top=”pt-1″][vc_column][vc_column_text css=””]We are delighted to announce that Nexus […]<\/p>\n","protected":false},"author":51,"featured_media":33194,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"insight_category":[142],"class_list":["post-33186","insight","type-insight","status-publish","has-post-thumbnail","hentry","insight_category-acquisition"],"acf":[],"yoast_head":"\nNexus Underwriting Enters Into Agreement to Acquire Arma Underwriting - 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