Optio Group, a UK-based specialist managing general agent (MGA), has appointed Deepak Soni as its new CEO.
Soni is taking on the new role at Optio after working for French insurance major AXA, where he was commercial director of AXA Insurance.
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After joining AXA in 2015, he is said to have played a key role in the development of the company’s UK commercial strategy.
His experience at the French company spanned various senior roles, managing small and medium enterprises, direct-to-consumer, delegated authority and specialty lines businesses.
Before his time at AXA, Soni held senior positions at Hiscox having started his career as a broker at Aon.
Optio described the decision to appoint Soni as long-anticipated and carefully considered by its board and private equity backers, Preservation Capital Partners.
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By GlobalDataAs CEO, Soni will be responsible for leading the company through its next phase of growth, which includes both organic developments and strategic acquisitions.
Optio Group executive chairman Matthew Fosh said: “I am delighted to announce Deepak’s appointment as the new CEO of Optio Group. He brings an impressive track record of driving profitable growth and has demonstrated exceptional leadership capabilities throughout his 20-year career in senior roles.
“Deepak joins us at a pivotal time in Optio’s development, and I am confident he will help us seize opportunities for further profitable growth under his leadership.”
Soni added: “I am thrilled to be joining Optio and to lead the next phase of its development. Optio’s strong position in the specialty market provides an excellent foundation for growth, and I look forward to working with the talented teams within the business.
“Together, we will continue to deliver outstanding products and services to the global insurance market, driving innovation and success.”
Earlier this year, Optio also strengthened its leadership team by appointing Wael Mohsen as managing director of broking and general lines for Optio Re MENA in Dubai.
Mohsen’s role involves focusing on various insurance lines including property and casualty, energy, construction, cyber and medical malpractice.
Optio Re, which includes an MGA and a reinsurance broker, began operations in January 2023.
