Fusion Specialty Group, founded in Australia in 2018, has been acquired by European investment manager Arrow Global Group.

The leading M&A and specialty lines underwriting agency provides various products in more than 30 countries.

In March, Arrow launched Arrow Global Insurance, “a new business vertical designed to capture institutional investment opportunities across the insurance value chain”.

Arrow, based in Manchester, UK, says today’s acquisition marks a “significant milestone”.

It says through its reinsurer Halldora Re and the broader Arrow platform, its agencies “benefit from access to long-term underwriting capacity, institutional capital and scalable operating infrastructure, enabling them to grow responsibly while maintaining underwriting discipline”.

Since launch, Fusion has processed more than 23,000 submissions and recorded about £290 million ($559 million) of gross written premium for about 1500 policyholders, with premium volume more than doubling over the past two years.

“Access to additional underwriting capacity through Halldora Re, together with Arrow’s long-term investment approach, provides a strong foundation for our next phase of growth while allowing us to remain focused on the underwriting discipline and client service that define Fusion,” Fusion CEO Katie Simmonds said.

Arrow says the transaction is subject to customary closing conditions. 

“All required regulatory approvals have been obtained and completion is expected during the third quarter of 2026.”