We experimentally and theoretically demonstrate that nonlinear spin-wave dynamics can induce an effective resonant interaction between nonresonant magnon modes in a yttrium iron garnet disk. Under strong pumping near the ferromagnetic resonance mode, we observe a spectral splitting that emerges with increasing drive amplitude. This phenomenon is well captured by a theoretical framework based on the linearization of a magnon three-wave mixing Hamiltonian, which at high power leads to parametric Suhl instabilities. The access and control of nonlinear magnon-parametric processes enable the development of experimental platforms in an unexplored parameter regime for both classical and quantum computation protocols.