MGA Fusion Specialty Acquired by Asset Manager Arrow Global
Arrow Global Group (Arrow), a UK-based investment manager specializing in private credit and real estate, announced its subsidiary Arrow Global Insurance (AGI) has acquired Fusion Specialty Group, a specialist managing general agent.
AGI acquired Fusion from POP Group Holdings, the Sydney, Australia-headquartered insurtech conglomerate, for an undisclosed amount.
AGI is a specialty insurance platform that underwrites insurance through its own MGAs while also focusing on acquisitions of MGA businesses. AGI was launched in March by Arrow Global Group as a business vertical designed to capture institutional investment opportunities across the insurance value chain.
Supported by long-term institutional capital, AGI targets attractive underwriting performance in markets characterized by high barriers to entry, fragmented competition and technical complexity, Arrow explained.
The acquisition further enhances AGI’s platform by adding another high-quality specialist MGA with a well-established underwriting track record, Arrow added.
Through AGI’s reinsurer Halldora Re and the broader Arrow platform, Arrow’s MGAs benefit from access to long-term underwriting capacity, institutional capital and scalable operating infrastructure, which enable them to grow responsibly while maintaining underwriting discipline. Rated “A-” (Excellent) by AM Best, Halldora Re is owned by funds managed by Arrow Global Group.
Operating on behalf of leading London market, European and other specialty insurers, Sydney-based Fusion “has established a highly regarded underwriting franchise serving policyholders across the UK, Europe, North America and other international markets,” Arrow said.
Since its launch in 2018, Fusion has processed more than 23,000 submissions and written approximately £290 million (US$389 million) of gross written premium for approximately 1,500 policyholders, with premium volume more than doubling over the past two years.
“Arrow Global Insurance is an established specialty insurance platform that combines exceptional underwriting businesses with institutional capital,” commented Zach Lewy, chief executive officer and chief investment officer of Arrow Global Group, in a statement. (Arrow is headquartered in
“The addition of Fusion, a high-quality specialist MGA with an outstanding underwriting track record, further strengthens that platform and expands the range of differentiated specialty insurance opportunities available to our institutional investors,” Lewy added.
“Access to additional underwriting capacity through Halldora Re, together with Arrow’s long-term investment approach, provides a strong foundation for our next phase of growth while allowing us to remain focused on the underwriting discipline and client service that define Fusion,” according to Katie Simmonds, CEO of Fusion Specialty Group.
“Building Fusion into a global specialist MGA has been a genuine privilege. Arrow shares our commitment to underwriting discipline and long-term thinking, and its backing, including the reinsurance capacity behind Halldora Re, accelerates our growth and potential. I’m pleased to remain involved and excited for what comes next,” said David Rogers, Fusion’s founder and executive chairman.
The transaction is subject to customary closing conditions. All required regulatory approvals have been obtained and completion is expected during the third quarter of 2026.
AGI focuses on property, casualty and specialty insurance, including after-the-event insurance, contingent and transactional risks, credit risks and surety products. These lines support complex legal and financial activities that are often underserved by traditional insurers and are increasingly relevant to corporate and private capital participants seeking greater certainty and more effective risk transfer.
Backed by a panel of A-rated insurers and Lloyd’s of London, Fusion provides warranty & indemnity (W&I), representations & warranties (R&W), tax liability, and contingent risk insurance – serving private equity, corporates, business owners, and their advisors across transactions of all sizes in more than 30 countries.
***
Arthur J. Gallagher Acquires Canada’s Wilson M. Beck Insurance Services
Arthur J. Gallagher & Co. announced the acquisition of Burnaby, British Columbia-based Wilson M. Beck Insurance Services Inc. (WMB).
Terms of the transaction were not disclosed.
WMB provides retail insurance brokerage services to commercial clients primarily in Western Canada, specializing in construction, commercial real estate, surety bonding, hospitality and mining.
The WMB team, led by David Beck, will remain in their current locations under the direction of Dave Partington, head of Gallagher’s retail property/casualty brokerage operations in Canada, Latin America and the Caribbean.
“WMB’s excellent reputation for niche industry expertise will enhance our retail brokerage capabilities in Canada,” said J. Patrick Gallagher Jr., chairman and CEO of Arthur J. Gallagher & Co., based in Rolling Meadows, Illinois.
Gallagher operates in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
Topics Mergers & Acquisitions Excess Surplus Insurance Wholesale Canada A.J. Gallagher
Was this article valuable?
Here are more articles you may enjoy.
Agent-Carrier Relationships Improving, Survey Shows 
Premiums Will Skyrocket by 2035; Discounts Not Enough for Wind Mit, Studies Say 
CFC Names Former Direct Line Exec Winslow as Group CEO, Succeeding O’Shea 
Allstate Sued by Oklahoma for Alleged Scheme to Underpay Claims 
