Optio Group, the London-based MGA has entered the specialty marine market led by new senior hire, Angus Bailey.
Bailey will be based in London and report to Paul Western, group chief underwriting officer.
Optio state Bailey’s appointment marks the firm’s launch into the specialty marine market, which aligns with its strategy for accelerated growth and continued enhancement of its specialty capability.
In his new role, there will be an initial focus on Marine War and Kidnap and Ransom risks (K&R) and Bailey will be responsible for developing the company’s marine specialty proposition, harnessing its proprietary technology to provide efficient and reliable insurance solutions for the marine industry.
Bailey joins from previously leading Seacurus, a trading name of Castel Underwriting Agencies Ltd where he delivered specialised solutions and coverages for the marine market. Before that, he served as an underwriter at Barbican, specialising in K&R, Hull War and Seafarer Abandonment.
Western commented: “I am extremely pleased to welcome Angus to Optio, whose appointment further builds upon our specialty market offering, and is indicative of the wealth of opportunities we see in this area. Angus is an established and well-regarded underwriter, with an impressive background in the marine specialty space. His experience in offering innovative solutions to niche risks, coupled with his use of technology to provide clients with fast, efficient and accessible protection, makes him an ideal addition to our ever-expanding team.”