The MGA says its latest purchase confirms financial lines as ‘a core underwriting pillar’ for the business
Independently owned specialty MGA Optio Group has bought Brockwell Capital, a warranty and indemnity (W&I) focused MGA and approved Lloyd’s coverholder.
London-based Brockwell Capital, which launched in 2017, will bring expertise in tax liability, contingent liability and financial lines to Optio Group’s proposition, as well as complement the MGA’s existing W&I offering.
Brockwell Capital currently operates across the UK, Nordic regions and Australasia, with a growing presence in Europe. It writes around £30m of gross written premium.
Brockwell Capital’s eight staff members, including managing director Andrew Graham, will join Optio Group following the acquisition.
’Core underwriting pillar’ confirmed
Matthew Fosh, executive chairman of Optio Group, said: “I am delighted to welcome Andrew and the Brockwell team to our expanding business.
“Combining their experience and expertise with our established W&I capabilities within the group confirms financial lines as a core underwriting pillar for Optio.”
Graham added: “From the outset, Brockwell focused on creating an unmatched, specialty MGA, built around sophisticated M&A, tax and transactional risk professionals.
“Optio’s support and technological capabilities will be enormously beneficial to the implementation of our ambitious growth plans and we look forward to working with our new colleagues to develop innovative solutions for new and existing clients.”