Reinsurance News
Optio Group
Optio adds assailant cover for medical facilities to PVT proposition
5th September 2022
Specialty managing general agent (MGA) Optio Group, has added active assailant cover for hospitals and medical facilities, further expanding its political violence & terrorism (PVT) proposition. Facilities like hospitals rely on the government’s Terrorism Risk Insurance Program, which does not provide active assailant cover, and events such as shootings at hospitals ... Read the full article
Optio Group’s Cove Programs hires Tom Godsey as SDI claims Director
20th May 2022
Specialty managing general agent (MGA) Optio Group, has announced the appointment of Tom Godsey who joins Cove Programs, an Optio company, as claims director for its subcontractor default insurance (SDI) practice. Based in Tennessee, Godsey will report to both Nathan Espe, head of SDI, and Nick Woodward, head of claims, and ... Read the full article
Optio Groups appoints new senior underwriter for warranty and indemnity
7th March 2022
Optio Group has hired Paul Tominey to be its new senior underwriter for warranty and indemnity. The specialty MGA firm said that in tandem with Tominey’s hiring that it was increasing its W&I line size for single risks from £12m to £20.5m. The company said that both developments will strengthen its W&I ... Read the full article
Optio adds David Robinson as MD
1st March 2022
Specialty MGA Optio Group has announced the appointment of David Robinson as Managing Director, effective March 1st. Based in London, he will join the group executive committee and oversee Optio’s underwriting, claims and data support functions and report to Executive Chairman Matthew Fosh. Robinson brings more than three decades of experience to ... Read the full article
Optio names new UK head of political violence and terrorism
15th February 2022
Specialty MGA Optio Group has promoted Mark Kelsey to UK head of political violence and terrorism (PVT) and tripled its line size for single risks to USD150m. Kelsey joined Optio as senior underwriter in 2020, and will be reporting to Chris Kirby, global head of political violence and terrorism, who relocated ... Read the full article
Optio Group acquires Brockwell Capital
7th January 2022
Specialty MGA Optio Group has acquired Brockwell Capital, a Warranty & Indemnity MGA, for an undisclosed sum. The acquisition will boost Optio's expertise in the fields of tax liability and contingent liability and financial lines. Brockwell writes c. $40m (c.£30m) of GWP and is expected to continue its strong growth. All current Brockwell ... Read the full article
Optio promotes Kirby to global head of political violence and terrorism
3rd September 2021
Specialist MGA Optio Group has promoted Chris Kirby to global head of political violence and terrorism (PVT), and his relocation to establish Optio’s PVT underwriting capabilities in the US. Kirby joined Optio early in 2020 as head of political violence and terrorism, following the acquisition of specialist political-violence and terrorism MGA ... Read the full article
Optio Group acquires Northcourt
6th May 2021
Specialty MGA Optio Group has acquired nuclear risk specialist Northcourt from John McInespie and the Northcourt management team, who held a minority share. Northcourt’s executive management team and staff, led by CEO Alan Rickett, will all remain at the business. With the minimum liability limits for nuclear institutions set to rise dramatically ... Read the full article
Optio Group hires Hywel Jones to lead A&H
12th April 2021
Specialty MGA Optio Group has appointed Hywel Jones to lead Optio’s accident and health division (A&H) alongside Darren Delande, effective immediately. He brings over 30 years of industry experience and joins Optio from AmTrust Europe where he held the role of general manager, A&H, since 2013. While at AmTrust, he played a ... Read the full article
Optio enters specialty marine market with senior hire
12th February 2021
Specialty MGA Optio Group has appointed Angus Bailey to lead its expansion into the marine specialty market. With 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 ... Read the full article
Optio appoints Matthew Fosh as Executive Chairman
5th October 2020
Insurance group, Optio Group has announced the appointment of Matthew Fosh as Executive Chairman, subject to regulatory approval. Fosh will be returning to insurance in an executive capacity after stepping down from his executive role at Axis in December 2019. His appointment signals the ambition of Optio’s senior management team and follows ... Read the full article
Optio launches personal A&H division with Darren Delande hire
22nd July 2020
Optio Group has announced the launch of an accident and health (A&H) division, following the appointment of underwriter Darren Delande. Optio is comprised of MGAs Ascent Underwriting, Cove Programs, and brokerage Bay Risk Services. Delande reports to Chief Underwriting Officer Paul Western and brings over 15 years' experience as an accident and ... Read the full article
Optio chooses Guidewire Cyence for cyber risk management
12th June 2020
Optio Group has chosen Guidewire's cyber risk management modelling solution Cyence to enhance its data warehouse capabilities and underwriting performance, and Guidewire Cyence for Small Business to support profitable small business growth. Cyence was acquired by Guidewire in 2017 and combines economic modelling, cybersecurity, machine learning and Internet scale data collection ... Read the full article
Todd Germano named MD of Optio Insurance Services NA
14th April 2020
Optio Group, a house of insurance companies, has appointed Todd Germano as Managing Director of Optio Insurance Services North America, effective immediately. Optio is comprised of MGAs Ascent Underwriting, Cove Programs, and brokerage Bay Risk Services. The company notes that this appointment coincides with the development of its U.S. platform as ... Read the full article
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