Optio completes acquisition of Norwegian MGA S Insurance

Having received all necessary regulatory approvals, independent specialty MGA Optio Group has completed the acquisition of Norwegian-based MGA S Insurance AS (S Insurance).

This transaction, previously announced in March 2025, is a further strategically significant step for Optio in creating a diversified buy-and-build platform through the acquisition of high-quality, niche speciality MGAs across Europe.

Based in Bergen with an office in Oslo, S Insurance specialises in marine hull underwriting, serving a global market with a strong presence in Europe.

Founded nearly a decade ago by Director Gary Sangedal, the company has earned a strong reputation for its disciplined underwriting approach and close relationships with brokers and capacity providers.

Optio’s investment in the company will support S Insurance’s plans to expand both its product and geographical reach.

This acquisition, Optio’s first in Scandinavia, follows previous expansions, including the acquisitions of Netherlands- and Brussels-based MGA Den Hartigh, Luxembourg-based Circles Group, and a strategic investment in Italian MGA Heca S.r.l.

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