Clyde & Co advises Nexus Underwriting on its acquisition of Arma Fusion Limited

Global law firm Clyde & Co has advised Nexus Underwriting (Nexus), a Brown & Brown group business, on its acquisition of Arma Fusion Limited, the parent company of Arma Underwriting Limited (Arma), completed on 2 January 2025. This move strengthens Nexus’ presence in the Middle East and enhances their existing product offering.

Nexus is a leading, independent, specialty Managing General Agent (MGA) group, based in London, UK, with a focus on niche insurance classes of business. Arma is a leading specialty reinsurance MGA based in the Dubai International Financial Centre (DIFC) in Dubai, UAE, focusing on property, energy, liability, consumer, and accident and health (A&H) reinsurance lines. 

This is Nexus’ first MGA acquisition since they were acquired by Brown & Brown in October 2023, their 18th MGA acquisition since incorporation.

Clyde & Co’s cross-jurisdictional team was led by partners Roshanak Bassiri Gharb (corporate & corporate insurance, Dubai/Abu Dhabi), Peter Hodgins (head of global corporate insurance, Dubai) and Sameh Dahroug (corporate, Cairo), associates Sinan Amso (corporate, Dubai), Nasteho Muse (corporate insurance, Dubai), Dalya Mahmoud (corporate, Cairo) and Kassem Mansour (corporate, Cairo), and trainee Karen Gabriel (corporate, Cairo). They were supported by partners Richard Elks (corporate, London) and Simon Vere Nicoll (corporate, London), and other team members from our Clyde & Co offices in the MEA region (Abu Dhabi, Dubai and Cairo) and Europe (London).

Roshanak Bassiri Gharb comments: "We are proud to have advised Brown & Brown and Nexus on this strategic acquisition, which marks an important step in expanding their footprint in the Middle East and strengthening their product offerings. This transaction underscores the strength of our market-leading corporate insurance team, showcasing our ability to collaborate seamlessly across jurisdictions to help our multinational clients achieve their strategic objectives."

With over 30 years of experience in the Middle East and Africa (MEA), Clyde & Co is one of the largest international law firms with over 80 partners and over 540 staff operating through 10 offices and associated offices in Abu Dhabi, Cairo, Cape Town, Dar es Salaam, Doha, Dubai, Jeddah, Johannesburg, Nairobi, and Riyadh. Clyde & Co supports international and local organisations throughout the wider region with a full-service offering of local specialists across most business sectors and services of law, including commercial, commercial disputes, corporate, cyber risk, data protection & privacy, employment & immigration, finance, global recoveries, insolvency & reorganisation, intellectual property, international arbitration, projects & construction, real estate, regulatory & investigations, and technology, outsourcing & data.