Professional management general agency (MGA) Optio Group has acquired the remaining 75% of Italian MGA Heca Srl (Heca); financial details were not disclosed.
The transaction gives Optio full ownership of Heca, further strengthening its position in the Italian MGA market.
MGA’s initial investment in Heca was announced in October 2024, with the latest move marking the company’s fifth investment in the past year.
Other successful acquisitions in the past 12 months include MGA Den Hartigh in the Netherlands and Brussels, Circles Group in Luxembourg, Norwegian specialist MGA S Insurance and Custodian Management LTD in the UK.
The company said the move reflects Optio’s ambition in Italy to become the country’s leading independent professional MGA. This growth is driven by a disciplined strategy of targeted regional acquisitions and the integration of high levels of underwriting expertise.
Deepak Soni, CEO of Optio Group, said: “Acquiring full ownership of Heca is another step in our European growth strategy. Our experience working with Heca continues to demonstrate their innovation, local insight and commitment to customers.
“That’s why we decided to take the next step and acquire full ownership. Heca’s strong market presence and digital-first approach align perfectly with Optio’s vision of delivering specialized solutions through innovation, expertise and a customer-centric approach.”
Since its founding in 2010, Heca has rapidly developed into one of Italy’s leading MGAs. The company has approximately 30 employees and offers a diverse multi-product portfolio using an all-digital platform.
This strategic approach aims to drive continued market share expansion and provide cutting-edge solutions to customers in Italy and Europe.
Emmanuele Menicucci, CEO of Heca, commented: “Joining Optio completely marks the beginning of an exciting new chapter for our business. With Optio’s scale, resources and international reach, we are better positioned than ever to accelerate growth and continue to deliver market-leading digital solutions to brokers and clients across Italy.”