Optio Group acquires S Insurance

Optio Group  has acquired Norwegian MGA S Insurance AS for an undisclosed sum, pending regulatory approval.

Based in Bergen with an Oslo office, S Insurance specializes in marine hull and underwrites business globally, with a strong European presence.

The deal supports Optio’s strategy to build a diversified platform of niche MGAs across Europe, following its acquisitions of Den Hartigh, Circles Group, and a strategic investment in Heca.

Founder Gary Sangedal will remain with the business alongside MD Marianne Engelsen Hals.

The acquisition strengthens Optio’s marine capabilities and expands its reach in Scandinavia’s regulated and growing MGA market.