Optio stated that the synergy between Heca’s technological edge and Optio’s existing capabilities is expected to unlock new opportunities for both entities. Credit: Suri_Studio/Shutterstock.

Optio Group, a specialty MGA, has announced a strategic investment in the Italian MGA Heca as part of its ongoing European expansion.  

The financial terms of the transaction were not disclosed.  

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Heca, founded in 2010 in Ortona, Abruzzo, is known for its fully digital platform and personalised service offerings.  

The MGA provides professional liability and surety solutions, and became a Lloyd’s cover holder in 2018.  

Heca’s selling point is its proprietary customer relationship management platform designed specifically for brokers and intermediaries. 

Moreover, Heca has developed a blockchain policy verification service to ensure transparency and trust in surety transactions.  

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Optio noted the synergy between Heca’s technological edge and Optio’s existing capabilities is expected to unlock new opportunities for both entities. 

Optio Group CEO Deepak Soni said: “The impressive growth of Heca, led by the exceptional vision of founder and CEO Emmanuele Menicucci and managing partner Nick Evers, perfectly encapsulates the kind of entrepreneurial business culture Optio is proud to endorse.  

“We seek to remain a long-term stakeholder and intend to support them as they continue building on their ambition, for customers and partners.” 

Heca founder and CEO Emmanuele Menicucci said: “We are delighted to announce this alliance with Optio, whose cultural values and entrepreneurial spirit mirror our own.  

“This is a very exciting time for European MGAs and we look forward to working with Optio to fulfil our strategic ambitions and those of our new partner.” 

This investment follows Optio’s recent acquisitions including the Netherlands and Brussels-based MGA Den Hartigh in July, and the Circles Group, a Luxembourg-based MGA specialising in special risks and contingency insurance, last week. 

With more than €50m ($55.16m) in premiums, Circles operates in the insurance sector for cinema and live performances, having insured more than 100,000 films and events since 2001.  

Optio has indicated that Circles will serve as its regional headquarters in Europe, marking this acquisition as its most significant in the region to date.