Nirvana, a media, tech, and cyber managing general agent (MGA), has announced the launch of its new European small and medium enterprise (SME) warranty and indemnity (W&I) binder.
The team will be led by Thomas Mannsdorfer (pictured) in Barcelona and will focus on local products in both local languages and English. It will provide specific solutions to the European SME sector.
“I am delighted to be launching our product with our Lloyd’s partners,” said Mannsdorfer.
“The market is expected to return to normal levels of deal activity over the coming months, and we are poised to grow a profitable book of business providing protection for entrepreneurs and investors involved in European M&A deals.”
Mannsdorfer has been a mergers and acquisitions (M&A) underwriter for more than 20 years across European markets. Before joining Nirvana, he was a qualified lawyer and headed European specialty underwriting at Sompo International, also leading its branch in Barcelona as well as its underwriting hub. Previously, he served as director of M&A insurance and chief underwriting officer (international) with ANV.
Mannsdorfer will be supported by two underwriters: Eloi Nuñez-Romero and Isaure Maltonti. Eloi Nuñez-Romero was previously with Eversheds Sutherland where he specialized in M&A. Maltonti was a financial lines underwriter with Tokio Marine Europe.
“We are delighted to be launching our European W&I business with Thomas, and see a significant opportunity to provide a great product to our brokers and clients from our hub in Barcelona,” said Kabir Chanrai, CEO of Nirvana.
Nirvana Risk Partners was formed in 2017 by Rob Jones as a division of the Castel Underwriting Agencies MGA formation platform. In March 2023, Jones and Chanrai purchased Nirvana and launched the platform.
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