Optio Group, a managing general agent (MGA) specialising in insurance solutions, has disclosed its recent acquisition of Den Hartigh Beheer & Exploitatie B.V., an MGA based in the Netherlands and Brussels, with a focus on B2B insurance products.
Established in 1916, Den Hartigh stands out in the insurance market with its tech-driven approach, offering a wide array of property & casualty insurance products. Its offerings predominantly include land-based equipment, marine insurance, and policies designed for high-net-worth individuals, all distributed through its unique broker-based platform.
The acquisition marks a pivotal expansion for Optio Group into the European domain, aligning with its strategy to enhance its influence in the market through partnerships with entrepreneur-led MGA businesses. The move not only broadens Optio’s product offerings but also establishes its strategic foothold in Europe which will drive further growth and create synergies across the continent.
Matthew Fosh, the executive chairman of Optio Group, expressed his enthusiasm about the integration of Den Hartigh into their fold. He highlighted the significant benefits stemming from Den Hartigh's established market presence and its nuanced expertise in specialty insurance sectors, which he believes will greatly complement Optio’s existing operations.
Echoing this sentiment, Jan Den Hartigh, CEO of the acquired entity, who will continue at the helm, shared his optimistic outlook on this union. He emphasised the firms’ shared commitment to leveraging advanced technology to foster innovation within the insurance industry, and said he is excited about continuing to provide top-tier products and services to their clients together.
The completion of this transaction is pending regulatory approvals, and the financial details of the acquisition have not been disclosed.
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