Arrow Global agrees to buy Fusion Specialty Group

Arrow Global Group has agreed to acquire Fusion Specialty Group, a managing general agent, in a deal intended to expand the specialty insurance platform of Arrow Global Insurance, according to PE Hub. Financial terms were not reported.

The transaction would give Fusion access to underwriting capacity through Halldora Re, the reinsurer of Arrow Global Insurance, PE Hub reported. In insurance markets, a managing general agent typically originates and administers insurance business on behalf of carriers or capital providers, while underwriting capacity determines the amount and type of risk that can be written.

Fusion has handled more than 23,000 submissions since it was launched in 2018, according to PE Hub. Its premium volume has more than doubled over the past two years, the publication reported.

The company serves policyholders in the UK, Europe, North America and other markets, with activity across more than 30 countries, according to PE Hub. The acquisition would therefore add an established international distribution channel to Arrow Global Insurance’s specialty insurance operations.

Arrow Global Insurance is a subsidiary of Arrow Global Group. The group’s agreement to acquire Fusion adds to its presence in specialty insurance, a segment where underwriting expertise, access to risk capital and distribution relationships are central to growth.

PE Hub did not report a purchase price, expected completion date or adviser details. The report also did not specify whether the transaction remains subject to regulatory approvals or other closing conditions.

This story draws on original reporting from PE Hub.