Specialty MGA Optio Group’s recently established Dubai-based MGA and Accident and Health (A&H) reinsurance broker, Optio Re MENA Ltd., has now commenced trading following the receipt of required approvals from UAE regulatory authorities.
By drawing on the wider group’s specialty expertise, the new operation will, over time, expand to include PVT, Marine War, K&R, and Financial Lines.
Optio Re MENA Ltd. will be led by Chief Executive Officer (CEO), Dr. Ahmed Ramadan, and Chief Underwriting Officer (CUO), A&H, Moayyad Abu Hayyeh.
“I am delighted to announce that our Dubai operations are now fully licensed and trading. This marks a significant step in our geographic expansion and will enable us to extend our service offering to new and existing clients across the MENA region,” said Matthew Fosh, executive chairman, Optio Group.
Ramadan added: “Demand for medical, PA and related cover is growing in the rapidly maturing MENA A&H market, meaning there is a need for additional high-quality capacity in general and even more so in some niche areas.
“In establishing a physical presence, Optio, which already has clients across the region, is in an even stronger position to meet that demand.”
