Optio Group, a specialty managing general agent (MGA), has completed its acquisition of the Luxembourg-based MGA Circles Group (Circles).
The transaction, initially announced in October 2024, reportedly marks Optio’s largest acquisition in Europe to date.
Founded in 2001, Circles specialises in contingency and special risks insurance. With over €50 million in premium, it is one of the largest insurers of cinema and live performances in Europe, insuring over 100,000 films and events to date.
Circles is also known for providing solutions in events, fine art, jewellery, and equine insurance.
The acquisition marks a significant step in Optio’s ongoing international expansion, building on previous acquisitions, including Netherlands- and Brussels-based MGA Den Hartigh, Norwegian-based S Insurance, UK-based Custodian Management Ltd, and a strategic investment in Italian MGA Heca S.r.l.
