Nirvana launches on MGA Castel Underwriting Agencies platform
Nirvana Risk Partners has launched as an underwriting cell on the Castel Underwriting Agencies MGA (managing general agent) formation platform to target media, technology and cyber liability risks.
Nirvana will underwrite risks for small and large enterprises on a global basis with a particular emphasis on UK, US and EU markets. Nirvana’s capacity is entirely provided by Lloyd’s syndicates.
"Castel understands and values the operational needs and growth opportunities for specialty and niche business," said Rob Jones, partner at Nirvana. "Their operational and governance infrastructure provides a high degree of confidence and supports us in offering brokers a more personal and agile business model, responding directly to their needs."
Nirvana is the seventh underwriting business to be launched on the Castel platform. Castel Underwriting Agencies is part of Barbican Insurance Group.
Mark Birrell, CEO of Castel, added: "Castel provides an excellent platform for an entrepreneurial underwriter of Rob’s calibre to capitalise on the clear growth potential that the media, technology and cyber liability classes offer. His experience and track record in developing profitable business in this arena make Nirvana an important addition to our underwriting cells."
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