Optio Group (Optio), a leading specialty MGA, today announces the completion of its acquisition of the Luxembourg-based MGA, Circles Group (Circles), first announced in October 2024, having received all necessary regulatory approvals.

Founded in 2001, the innovative MGA specialises in contingency and special risks insurance. With over 50 million EUR in premium, it is one of the largest insurers of cinema and live performances in Europe, insuring over 100,000 films and events to date. The group is also well regarded for its expertise in events, fine art, jewellery and equine insurance.

This builds on previous acquisitions, including Netherlands and-Brussels based MGA Den Hartigh, Norwegian-based S Insurance and UK-based Custodian Management Ltd, and a strategic investment in Italian MGA, Heca S.r.l.