Optio completes S Insurance deal to enter Scandinavian market

ReutersApr 16, 2025 1:03 PM

By Rebecca Delaney

April 16 - (The Insurer) - Specialty MGA Optio Group has entered the Scandinavian market with the acquisition of Norway-based MGA S Insurance.

The transaction, which was announced last month, has received all necessary regulatory approvals.

Optio said the transaction marks a "further strategically significant step" in its aim to create a diversified buy-and-build platform through the acquisition of niche speciality MGAs across Europe.

Headquartered in Bergen with offices in Oslo, S Insurance specialises in marine hull. It underwrites business globally with a strong market presence in Europe.

Optio Group said it will support S Insurance's plans to expand both its product and geographical reach.

The acquisition follows Optio's previous acquisitions of Netherlands- and Brussels-based MGA Den Hartigh and Luxembourg-based Circles Group, as well as the group's strategic investment in Italian MGA Heca.

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