The word from Optio Group;
Optio Group (Optio), an independent specialty MGA, announces the launch of specialty and transactional risk MGA Pinnacle Specialty Insurance. Headquartered in Amsterdam, Pinnacle offers warranty and indemnity (W&I), tax liability and contingent risk insurance for transactions and risks across the European Economic Area.
Backed by AM Best A- (Excellent) rated capacity, Pinnacle offers limits of up to EUR 20 million for W&I and tax liability insurance, and up to EUR 10 million for contingent risk insurance.
The new MGA complements Optio’s existing product suite and supports the Group’s strategy of expanding into specialist areas where it can build deeper relationships with clients. The launch extends Optio’s existing W&I and tax insurance business in Europe with a dedicated team positioned to work closely with brokers, deal teams and advisers located in the markets it serves.
The business is led by Paul Schouten, Andreas Jevtic and Arthur Molijn, who together bring more than 30 years of experience in transactional insurance, tax, litigation and M&A, gained at insurers, global insurance brokers, a Big Four firm and leading international law firms.
Gary Head, CUO, Optio Group said: “The launch of Pinnacle represents an exciting expansion of our existing capabilities in the transactional risk market, and a natural extension of Optio’s strategy to support market-leading specialist underwriting businesses in attractive niche markets. Paul, Andreas and Arthur bring an exceptional combination of insurance, legal, tax and transaction experience, and are ideally placed to build a leading proposition in this sophisticated class of business. We look forward to supporting the team as they grow.”
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