Optio Group, a specialty managing general agent (MGA), has acquired the remaining 75% stake in Italian MGA Heca S.r.l (Heca); financial details were not disclosed.
This transaction gives Optio full ownership of Heca, further strengthening its position in the Italian MGA market.
The MGA’s initial investment in Heca was announced in October 2024, with the most recent move marking the company’s fifth investment in the past year.
Other successful acquisitions in the last 12 months include Netherlands- and Brussels-based MGA Den Hartigh, Luxembourg-based Circles Group, Norwegian specialist MGA S Insurance and UK based Custodian Management LTD.
This move reflects Optio’s aim in Italy, to become the leading independent specialty MGA in the country, the firm stated. This growth is supported by a disciplined strategy of targeted regional acquisitions and the integration of high-calibre underwriting expertise.
Deepak Soni, CEO of Optio Group said: “Securing full ownership of Heca is a further step forward in our European growth strategy. Our experience working with Heca has consistently demonstrated their innovation, local insight and commitment to clients.
“That is why we decided to take the next step and acquire full ownership. Heca’s strong market presence and digital-first approach align perfectly with Optio’s vision of delivering specialist solutions through innovation, expertise and a client-focused approach.”
Since its inception in 2010, Heca has grown rapidly to become one of Italy’s leading MGAs. With a workforce of around 30 employees, the company leverages a fully digital platform to offer a diverse multi-product portfolio.
This strategic approach is set to drive continued market share expansion and the delivery of cutting-edge solutions to clients across both Italy and Europe.
Emmanuele Menicucci, CEO of Heca, commented: “Joining Optio fully marks the beginning of an exciting new chapter for our business. With Optio’s scale, resources and international reach, we are better positioned than ever to accelerate our growth and continue delivering market-leading digital solutions for brokers and clients across Italy.”
