Nirvana and Pulse Plan Merger to Expand Insurance Coverage

Specialty Managing General Agents (MGAs), Nirvana and Pulse, have announced their plans to merge in a strategic move. Pulse, which focuses on non-standard Accident, Health, and Life insurance, offers coverage to individuals typically declined by mainstream insurers. Nirvana, known for its global portfolio in Media Errors & Omissions, Tech E&O, Cyber, and Warranty & Indemnity insurance, is a leader in the media insurance market in London. This merger aligns with Nirvana’s strategic growth plan that aims for organic expansion, team hiring, and acquisition. The merger allows both companies to leverage each other's strengths without altering their team structure. Nirvana’s CEO, Kabir Chanrai, emphasized the partnership's complementary cultures and financial solidity, which benefits original shareholders and retired founders of Pulse. The merger will grant Nirvana additional financial resources to facilitate faster growth. The merger is pending regulatory approval.