Nirvana Risk Partners has launched as an underwriting cell on Castel Underwriting Agencies’ MGA formation platform, targeting 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, said the company in a statement, noting that 100 percent of its capacity is provided by Lloyd’s syndicates.
Rob Jones, who is partner at Nirvana, is the former London media and technology manager at AXIS Capital. Previously, he was senior underwriter technology, media and telecoms with Hiscox, and started his career with Aon in media, film and entertainment broking.
“Castel understands and values the operational needs and growth opportunities for specialty and niche business,” commented Jones. “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.”
Mark Birrell, CEO of Castel, said: “Castel provides an excellent platform for an entrepreneurial underwriter of Rob’s caliber to capitalize 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.”
Nirvana is the seventh underwriting business to be launched on the Castel platform.
Source: Nirvana Risk Partners