Nexus Underwriting has announced its acquisition of Arma Fusion Limited, the parent company of Dubai-based Arma Underwriting Limited, with the deal set to close in Q1 2025. This strategic move aims to enhance Nexus’s footprint in the Middle East, leveraging Arma’s expertise in various reinsurance lines while keeping its founder, Michael Rafter, at the helm to drive growth. Source and details of the news
