Optio finalizes acquisition of Circles Group

Optio Group  has completed its acquisition of Circles Group, a Luxembourg-based MGA specializing in contingency and special risks insurance, following regulatory approval. Founded in 2001, Circles has written more than €50 million in premium and insured over 100,000 films and events, making it one of Europe’s largest insurers of cinema and live performances.

The deal, first announced in October 2024, expands Optio’s reach in entertainment and niche lines including events, fine art, jewelry, and equine insurance. It follows previous acquisitions of Den Hartigh in the Netherlands and Brussels, S Insurance in Norway, Custodian Management in the UK, and a strategic investment in Italian MGA Heca S.r.l.