Optio Group, a leading specialty MGA, today announces the acquisition of Den Hartigh Beheer & Exploitatie B.V., a Netherlands and Brussels based MGA specialising in B2B insurance solutions.
Founded in 1916, the tech-enabled business provides a range of property & casualty insurance products, primarily land-based equipment, marine and high net worth, distributed via brokers through its proprietary distribution platform.
The acquisition signifies a major milestone for Optio and its strategy to grow in the European market, with a focus on entrepreneur-led MGA businesses. It enhances Optio's product range and establishes a key presence that will facilitate further growth and synergy creation across Europe.
Matthew Fosh, executive chairman, Optio Group, 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.”
Jan Den Hartigh, CEO of Den Hartigh, who will continue to lead the business, added: “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 transaction is subject to regulatory approval and sums are not disclosed.