London-based marine MGA acquired

MGA Optio Group has agreed to acquire Gardian Marine for an undisclosed sum.

Based in London, Gardian Marine specialises in marine builders’ risks insurance, ship repairers liability, voyage and towage insurance, alongside bespoke ancillary products, backed by Lloyd’s and A‑rated insurer capacity.

It was founded by Guy Tyler and Edward Morgan, who both served as directors at WTW before establishing the MGA.

Tyler said: “Morgan and I have always understood the value of dedicated and expert service. By joining forces with Optio, we gain the scale and resources needed to elevate that commitment even further, deepening our capabilities while preserving the dedication and agility our clients rely on.

”We are excited about the opportunities ahead and are grateful to Optio and our capacity providers for their trust as we continue delivering solutions to manage an ever-evolving risk landscape.”

Marine expansion

Optio said the transaction further broadens its existing marine-related offering, following the acquisition of Norwegian marine hull specialist S Insurance last year.

Gardian Marine’s products have been specifically designed to address gaps in the marine specialty market and will broaden Optio’s specialisms, which now span hull, cargo, war and shipbuilding.

Deepak Soni, chief executive at Optio Group, said: “Gardian Marine has rapidly evolved into a respected and disciplined business driven by Tyler and Morgan’s market-leading expertise and strong networks. Over the past few years, their talent and entrepreneurial spirit have laid the right foundations for a successful venture with strong cultural alignment with our own values and operating style.

”We are delighted that they have agreed to develop the next stage of the business within Optio, which will further strengthen our specialty capabilities and expand our London market presence. We look forward to seeing what they can achieve as part of our platform.”