Clyde & Co Advised Nexus Underwriting On Acquisition Of Arma Fusion
Clyde & Co has advised Nexus Underwriting (Nexus), a Brown & Brown group business, on its acquisition of Arma Fusion Limited,;
Clyde & Co Advised Nexus Underwriting On Acquisition Of Arma Fusion
Clyde & Co has advised Nexus Underwriting (Nexus), a Brown & Brown Group business, on its acquisition of Arma Fusion Limited, the parent company of Arma Underwriting Limited (Arma). The transaction, completed on 2 January 2025, strengthens Nexus' footprint in the Middle East and enhances its product portfolio.
Nexus, a London-based specialty Managing General Agent (MGA), focuses on niche insurance classes. This acquisition marks Nexus’ first since its October 2023 acquisition by Brown & Brown and its 18th MGA acquisition since its inception. Arma, a specialty reinsurance MGA headquartered in Dubai International Financial Centre (DIFC), specializes in Property, Energy, Liability, Consumer, and Accident and Health (A&H) reinsurance lines.
Clyde & Co’s cross-jurisdictional team was led by Partners Roshanak Bassiri Gharb (Corporate & Corporate Insurance, Dubai/Abu Dhabi), Peter Hodgins (Head of Global Corporate Insurance, Dubai), and Sameh Dahroug (Corporate, Cairo). Associates Sinan Amso (Corporate, Dubai), Nasteho Muse (Corporate Insurance, Dubai), Dalya Mahmoud (Corporate, Cairo), and Kassem Mansour (Corporate, Cairo) were key contributors, along with Trainee Karen Gabriel (Corporate, Cairo).
They were supported by Partners Richard Elks (Corporate, London) and Simon Vere Nicoll (Corporate, London), as well as other team members from Clyde & Co offices in the MEA region (Abu Dhabi, Dubai, and Cairo) and Europe (London).
Commenting on the deal, Partner Roshanak Bassiri Gharb stated: "We are proud to have advised Brown & Brown and Nexus on this strategic acquisition, which marks an important step in expanding their footprint in the Middle East and strengthening their product offerings. This transaction underscores the strength of our market-leading corporate insurance team, showcasing our ability to collaborate seamlessly across jurisdictions to help our multinational clients achieve their strategic objectives."