London, UK, April 2, 2025 - Managing General Agents (MGA) Nirvana and Pulse have announced plans to merge their businesses.
Pulse is a specialist in non-standard Accident, Health and Life insurance, with its mission to provide cover to people who are often declined by mainstream insurers. Nirvana underwrites a global book of business across Media Errors & Omissions (E&O), Tech E&O, Cyber, and Warranty and Indemnity lines of insurance, and is one of the leading Media insurers in the London market.
“We are delighted to be joining forces with Pulse,” said Kabir Chanrai, Chief Executive Officer of Nirvana. “The Pulse team have built a fantastic business over the past three decades, with a great culture, highly specialised underwriting expertise, and a client-centred approach, helping to provide insurance to individuals who can’t find a solution with mainstream insurers. Our long-term, committed capital from our deep-pocketed investors enables us to provide liquidity to the original shareholders and retired founders of Pulse, while bringing the Pulse management team into our partnership model as co-leaders of the business.”
“We are excited about the next phase of development for Pulse in partnership with Nirvana,” said Torquil McLusky, Managing Director of Pulse. “The additional financial firepower that Nirvana provides will allow us to grow and evolve much more quickly than would have been possible on our own. Right from the start, we felt that the chemistry was right with Kabir, Rob and their team. We are delighted to be coming together with such a like-minded business and can’t wait to take things forward.”
Rob Jones, Executive Chairman of Nirvana, added: “Pulse’s underwriting-first philosophy aligns perfectly with Nirvana’s and we are excited to begin working with their talented and dedicated team.”
Nirvana is growing its business through a combination of organic growth, team hires, and acquisitions – and the Pulse merger represents the next phase of Nirvana’s strategic plan.
Neither business plans any changes to their teams as a result of the transaction, and brokers and clients will therefore continue to interact with their usual underwriter contacts without disruption to service.
The transaction is subject to standard change of control processes with both the FCA and FSMA in Belgium.
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, Cyber, and W&I. Nirvana was originally founded in 2017 by Rob Jones, now Executive Chairman of the business, and following its buyout and partnership with insurance investor Kabir Chanrai in 2023, has embarked on a multiline growth strategy.
About Pulse
Since 1998, Pulse has offered a trustworthy, experienced, resourceful service to intermediaries and individuals, with backing from both Lloyd’s of London and company market insurers. Pulse talks to policyholders or their advisers to understand their aims and challenges, and every enquiry is treated as bespoke, handled personally by Pulse’s expert team based in London, Brackley and Norwich.