Arrow Global Group (Arrow), a pan-European investment management company specializing in private credit and real estate, has acquired specialty managed general agent (MGA) Fusion Specialty Group (Fusion) through Arrow Global Insurance (AGI).
The acquisition, expected to close in the third quarter of 2026, will strengthen Arrow’s long-term strategy to grow in the specialty insurance market through disciplined underwriting.
All required regulatory approvals have been obtained and the transaction is subject to customary closing conditions.
AGI is a mature specialty insurance platform that provides institutional investors with access to the specialty non-catastrophe insurance market by combining Arrow-powered MGA, rated risk tolerance and Arrow’s investment capabilities.
Fusion operates on behalf of leading London market, European and other specialist insurers, building highly regarded underwriting franchises servicing international policyholders.
Since its launch, the MGA has processed more than 23,000 applications and written a total premium of around £290 million for around 1,500 policyholders, with premium volumes more than doubling in the past two years.
The acquisition also aims to strengthen AGI’s platform by adding another established specialist MGA with a strong underwriting record.
When combined with AGI’s reinsurer Halldora Re Ltd and the broader Arrow platform, Arrow’s MGAs benefit from long-term underwriting capabilities, institutional capital and scalable operating infrastructure to enable growth while maintaining underwriting discipline.
Zach Lewy, Chief Executive Officer (CEO) and Chief Investment Officer of Arrow Global Group, commented: “Arrow Global Insurance is a proven specialty insurance platform that combines underwriting excellence with institutional capital.
“The addition of Fusion, a high-quality specialty MGA with an outstanding underwriting record, further enhances the platform and expands the range of differentiated specialty insurance opportunities available to our institutional investors.”
Katie Simmonds, CEO of Fusion Specialty Group, said: “The additional underwriting capacity through Halldora Re, coupled with Arrow’s long-term investment approach, provides a strong foundation for our next phase of growth, while allowing us to continue to focus on Fusion’s underwriting discipline and customer service.”
David Rogers, founder and executive chairman of Fusion Specialty Group, added: “Building Fusion into a global specialist MGA has been a real privilege. Arrow shares our commitment to underwriting discipline and long-term thinking, and its support, including the reinsurance capabilities behind Halldora Re, will accelerate our growth and potential. I’m delighted to remain involved and excited about what’s next.”
