Optio Group (Optio), an independent specialty MGA, today announces the successful launch of its new political violence and terrorism (PVT) binders.
The new product provides a USD 150 million limit, ensuring comprehensive protection against both physical and financial threats faced by businesses and organisations. It also includes an active assailant add-on. With 100% Lloyd’s of London capacity, the offering underscores Optio’s commitment to delivering high-quality coverage and meeting the evolving needs of the market.
Angus Bailey, head of specialty, said: “Re-entering the PVT market with USD 150 million of Lloyd’s-backed capacity is a significant milestone for Optio and underlines our dedication to delivering high-quality coverage. It also enables our capacity providers to capitalise on Optio’s growing distribution network, ensuring broad market reach and sustainable growth. We’re excited to bring this enhanced solution to the market and continue strengthening our specialty capabilities with our partners.”
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net
For what it’s worth, here are some insights on the global AI market and its projected growth over the next few years; The global AI industry has grown tremendously over the past years, and nothing […]
Agricultural insurance specialist Lycetts has invested in an advanced forensic coding system to help their farming clients protect farm equipment and premises. Lycetts DNA+ combines an adhesive solution with uniquely coded micro particles registered exclusively […]
Chubb Limited (NYSE: CB) has announced agreements to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam. The terms were not disclosed. Here are some brief details; The two companies — LMG Insurance […]
Be the first to comment