Independent specialist MGA group Optio Group has reached an agreement to acquire Gardian Marine Limited for an undisclosed amount, pending regulatory approval.
Headquartered in London and founded by Guy Tyler and Edward Morgan, Gardian Marine offers specialist insurance covering shipbuilder’s risk, shiprepairer’s liability, voyage and towage, as well as a range of bespoke support products. Its underwriting capabilities are backed by Lloyd’s and a group of A-rated insurers.
The transaction strengthens Optio’s marine products and services, following the recent acquisition of Norwegian hull specialist S Insurance. Gardian Marine has developed products designed to address underserved areas of the marine insurance market, further enhancing Optio’s capabilities in hull, cargo, war and shipbuilding risks.
Prior to founding Gardian Marine, both founders held senior positions at WTW. Taylor heads up the International Hull & Machinery division and Morgan heads up the Special Risks division. They have nearly three decades of experience in builder risk, particularly with shipyards and shipowners, and are underpinned by deep technical knowledge of complex risk environments.
Deepak Soni, Group CEO of Optio, commented: “Driven by Guy and Edward’s market-leading expertise and strong network, Gardian Marine has rapidly developed into a respected and disciplined business. Over the past few years, their talent and entrepreneurial spirit have laid the right foundation for a successful business with a culture that has strong alignment with our own values and operating style. We are delighted that they have agreed to join Optio “
Tyler added, “Ed and I have always understood the value of focused and professional service. By joining forces with Optio, we gain the scale and resources needed to further enhance this commitment, deepening our capabilities while maintaining the dedication and agility that our customers rely on. We are excited about the opportunities ahead and thank Optio and our capacity providers for the trust they have placed in us as we continue to deliver solutions to manage the evolving risk landscape.”
Morgan said: “We believe that the best results in insurance result from strong, long-term relationships. Being part of Optio enhances our ability to understand the people and companies we insure so that we can offer the most appropriate and effective terms and conditions to meet their unique needs. With shared values and a shared commitment to excellence, we look forward to Optio and Gardian Marine achieving our goals together while continuing to deliver the attentive, customer-focused service that defines us.”