Optio completes acquisition of Luxembourg-based MGA Circles Group

Published on August 6, 2025

Optio Group, a specialty managing general agent (MGA), has completed its acquisition of the Luxembourg-based MGA Circles Group (Circles).

Optio logoThe transaction, initially announced in October 2024, reportedly marks Optio’s largest acquisition in Europe to date.

Founded in 2001, Circles specialises in contingency and special risks insurance. With over €50 million in premium, it is one of the largest insurers of cinema and live performances in Europe, insuring over 100,000 films and events to date.

Circles is also known for providing solutions in events, fine art, jewellery, and equine insurance.

The acquisition marks a significant step in Optio’s ongoing international expansion, building on previous acquisitions, including Netherlands- and Brussels-based MGA Den Hartigh, Norwegian-based S Insurance, UK-based Custodian Management Ltd, and a strategic investment in Italian MGA Heca S.r.l.

Register for the Artemis London 2025 cat bond and ILS market conference

The post Optio completes acquisition of Luxembourg-based MGA Circles Group appeared first on ReinsuranceNe.ws.

Continue reading on website
Other news

Lancashire sees insurance revenue hit $930.1m in H1’25

August 6, 2025
Lancashire has reported insurance revenue of $930.1 million for the first half of 2025, an increase of $76 million, or 8.9%, compared to the same period in 2024.Of that total, the reinsurance segment contributed $450.6 million, while the insurance segment generated $479.5 million.Meanwhile, the firm’s gross premiums written increased by $74 million, or 5.8%, during the first six months of 2025 to

Corebridge reports 10% APTOI increase in Q2’25 despite net loss

August 6, 2025
Corebridge Financial, an American multinational financial services company, has announced its financial results for the first quarter of 2025, reporting an adjusted pre-tax operating income (APTOI) of $942 million despite a net loss of $660 million.Q1 2025’s net loss compares to a gain of $365 million reported in the same period last year. Corebridge attributed this variance largely to higher real