Reinsurance News
Optio Group
Optio Group acquires Luxembourg-based MGA, Circles
3rd October 2024
Optio Group, a specialty managing general agent (MGA) has acquired the Luxembourg-based MGA, Circles Group (Circles) for an undisclosed sum, subject to regulatory approval. According to the announcement, the acquisition of Circles marks Optio's largest in Europe to date. At the same time, the acquisition also represents a critical development in Optio's ... Read the full article
Optio Group expands into Europe with major acquisition
24th July 2024
Optio Group, a specialty Managing General Agent (MGA), has announced the acquisition of Den Hartigh Beheer & Exploitatie B.V., a Netherlands and Brussels-based MGA specialising in B2B insurance solutions. Established in 1916, Den Hartigh offers a variety of property and casualty insurance products. This includes coverage for land-based equipment, marine assets, and ... Read the full article
MGA Optio appoints Deepak Soni as its new CEO
27th June 2024
Optio Group, a specialty managing general agent (MGA), has named Deepak Soni as its new Chief Executive Officer (CEO), a long-anticipated and carefully considered appointment by the company’s board and its private equity partners, Preservation Capital Partners. Soni brings extensive experience, strategic vision, and a proven track record of building businesses. He ... Read the full article
Optio Group names Goodhew as INED
19th April 2024
Speciality managing general agent (MGA) Optio Group has announced the appointment of Heather Goodhew as an independent non-executive director (INED). Having held senior positions in re/insurance for over three decades, Goodhew brings a wealth of operational and risk experience to Optio and her new role. She currently serves as an INED for ... Read the full article
Optio Group partners with AmFirst for PVT capacity
5th December 2023
Speciality managing general agent (MGA), Optio Group, has secured new underwriting capacity by AmFirst Insurance Company, to provide underwriting capacity for political violence and terrorism (PVT) risks. AmFirst is a large, US based, A-rated carrier, known for its property & casualty and medical areas of specialism. Optio underwriters will now be able ... Read the full article
Optio Group names Steve Thompson Head of Accident & Health
13th November 2023
Specialty MGA Optio Group has appointed Steve Thompson as Head of Accident & Health (A&H) with immediate effect. According to Optio, Thompson holds more than two decades of experience underwriting global A&H business in both the Lloyd’s and composite markets. He joins Optio from independent Lloyd’s broker and coverholder Shepherd Compello Limited, ... Read the full article
Optio Group appoints Mark Mugge as its Chief Financial Officer
8th August 2023
Specialty MGA, Optio Group, has announced the appointment of Mark Mugge as its Chief Financial Officer (CFO). The appointment is effective immediately. Mugge is an industry veteran with over two decades worth of experience in the US and London insurance markets. In this new role, he will report to the company’s Executive ... Read the full article
Optio Group appoints Tom Kennett head of PVT
10th March 2023
Tom Kennett has been appointed head of political violence and terrorism (PVT) of Optio Group, a specialty Managing General Agency (MGA). Kennett brings to his new role more than 12 years of class-specific expertise, as well as both broking and underwriting experience. Prior to joining the Opio Group, he was a senior ... Read the full article
Gallagher Re acquires London market binder broker, Bay Risk
6th March 2023
Reinsurance broker Gallagher Re, has announced that it has acquired the business and assets of Bay Risk Services Limited, a member of the Optio Group, for an undisclosed sum. Established in 2016 as a London-based, independent Lloyd’s broker, Bay Risk specialises in structuring and placing contracts of delegated underwriting authority and, ... Read the full article
David Robinson named CEO at Optio
27th February 2023
Specialty managing general agency Optio Group has announced the appointment of David Robinson as Chief Executive Officer, effective immediately. Robinson was initially appointed by Optio in March 2022 as Managing Director and since then has worked to optimise operations across the group’s underwriting, claims and data support functions. He has also ... Read the full article
Optio Group’s Dubai-based MGA and A&H reinsurance broker commences trading
31st January 2023
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, ... Read the full article
Optio names Victoria Barrett head of financial lines
8th November 2022
Specialty MGA, Optio Group, has announced the appointment of Victoria Barrett as head of financial lines with immediate effect. She will be based in London and report to executive chairman Matthew Fosh. In her new role, Barrett will lead and build out Optio’s existing financial lines proposition, comprising professional indemnity and ... Read the full article
Northcourt appoints industry veteran, Ed Butler as a Senior Adviser
10th October 2022
Northcourt, the Optio Group subsidiary and underwriter of international nuclear risk, has appointed Ed Butler as a senior adviser. Within this role, Butler will help raise Northcourt’s profile within government and the nuclear sector as a leading global authority within the nuclear insurance industry. He will also report to Optio executive chairman ... Read the full article
Optio establishes MGA and reinsurance broking operations in Dubai
3rd October 2022
Specialty managing general agent (MGA), Optio Group has announced that it will establish an MGA and reinsurance broker in Dubai. Both businesses are subject to final approvals from the UAE regulatory authorities. In a press release, it states that both businesses are expected to be operational by 1 January, 2023 with an ... Read the full article
Optio announces Dubai launch with two new hires
30th September 2022
Specialty MGA firm Optio Group says that it is going to establish an MGA and reinsurance broker in Dubai, subject to approval from the UAE authorities. The firm said that it expects both businesses to be operational from the beginning of next year, with an initial focus on A&H. Drawing on ... Read the full article
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