Optio Group (Optio), an independent specialty managing general agent (MGA), has launched Amsterdam-headquartered specialty and transactional risk MGA, Pinnacle Specialty Insurance.
The new MGA will offer its services across the European Economic Area in warranty and indemnity (W&I) and tax liability, with limits of up to EUR 20 million and up to EUR 10 million for contingent risk insurance.
Pinnacle is backed by AM Best A- (Excellent) rated capacity, and complements Optio’s existing product suite while aligning with the group’s strategy of expanding into specialist areas where it can build deeper relationships with clients.
The launch extends Optio’s existing W&I and tax insurance business in Europe with a dedicated team positioned to work closely with brokers, deal teams and advisers located in the markets it serves.
Paul Schouten, Andreas Jevtic, and Arthur Molijn will lead the newly launched MGA, and together bring over three decades of experience in transactional insurance, tax, litigation and M&A, gained at insurers, global insurance brokers, a Big Four firm, and leading international law firms.
Gary Head, Chief Underwirintg Officer, Optio Group, commented, “The launch of Pinnacle represents an exciting expansion of our existing capabilities in the transactional risk market, and a natural extension of Optio’s strategy to support market-leading specialist underwriting businesses in attractive niche markets.
“Paul, Andreas and Arthur bring an exceptional combination of insurance, legal, tax and transaction experience, and are ideally placed to build a leading proposition in this sophisticated class of business. We look forward to supporting the team as they grow.”
