Reinsurance News

Optio enters specialty marine market with senior hire

12th February 2021 - Author: Matt Sheehan

Specialty MGA Optio Group has appointed Angus Bailey to lead its expansion into the marine specialty market.

OptioWith an initial focus on Marine War and Kidnap and Ransom risks (K&R), Bailey will be responsible for developing Optio’s new marine specialty proposition.

He previously led Seacurus, a trading name of Castel Underwriting Agencies Ltd, where he delivered specialised solutions and coverages for the marine market.

This included a combined facility for Hull War & Kidnap & Ransom as well as cover for Seafarer Abandonment.

Prior to that, Bailey served as an underwriter, at Barbican, specialising in K&R, Hull War and Seafarer Abandonment.

In his new role, Bailey will be based in London and report to Paul Western, group chief underwriting officer.

Western said: “I am extremely pleased to welcome Angus to Optio, whose appointment further builds upon our specialty market offering, and is indicative of the wealth of opportunities we see in this area,” said Western.

“Angus is an established and well-regarded underwriter, with an impressive background in the marine specialty space. His experience in offering innovative solutions to niche risks, coupled with his use of technology to provide clients with fast, efficient and accessible protection, makes him an ideal addition to our ever-expanding team.”

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