LONDON — Independent specialty managing general agent (MGA) Optio Group has completed its acquisition of Norwegian-based MGA S Insurance AS, following the receipt of all necessary regulatory approvals.
Originally announced in March 2025, the acquisition marks a significant milestone in Optio’s ongoing strategy to build a diversified platform by acquiring high-quality, niche MGAs across Europe.
Headquartered in Bergen with an additional office in Oslo, S Insurance is known for its focus on marine hull underwriting. The company serves a global client base, with a strong emphasis on the European market.
Founded nearly ten years ago by Director Gary Sangedal, S Insurance has built a solid reputation for its disciplined underwriting practices and strong partnerships with brokers and capacity providers.
Optio’s acquisition aims to support S Insurance’s ambitions to broaden both its product offerings and geographic footprint. The move also represents Optio’s first expansion into the Scandinavian market.
The deal follows a series of recent investments by Optio across Europe, including the acquisitions of Netherlands- and Brussels-based Den Hartigh, Luxembourg-based Circles Group, and a strategic stake in Italian MGA Heca S.r.l.
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