Optio Group, a specialist MGA from the UK, has expanded its European footprint with the acquisition of Den Hartigh Beheer & Exploitatie.
Financial terms of the transaction were not divulged.
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The acquired company is an MGA with a focus on B2B insurance solutions.
Optio said this deal, currently pending regulatory approval, marks a key step in its plan to grow in Europe, particularly targeting entrepreneur-led MGA businesses.
Den Hartigh, based in the Netherlands and Brussels, has been operational since 1916 and is known for its tech-enabled approach.
The company offers a variety of P&C insurance products including coverage for land-based equipment, marine and high-net-worth individuals.
These products are distributed via brokers through Den Hartigh’s proprietary distribution platform.
The acquisition not only broadens Optio’s product offerings but also paves the way for further expansion and potential synergies in Europe.
Optio Group executive chairman Matthew Fosh said: “We are delighted to welcome Den Hartigh to the Optio family. Their established presence in the Dutch market and their expertise in specialty insurance are invaluable assets that will complement and enhance our existing capabilities. This acquisition marks a significant milestone in our European expansion strategy.”
Den Hartigh CEO Jan Den Hartigh said: “Joining forces with Optio is an exciting opportunity for Den Hartigh. We share a common vision of leveraging technology to drive innovation in the insurance industry. Together, we will continue to deliver exceptional products and services to our clients.”
The acquisition comes on the heels of Optio hiring Deepak Soni as its new CEO.
