UAE: Specialty MGA Optio Group to launch MGA and reinsurance broking unit in Dubai

Source: Middle East Insurance Review | Nov 2022

London-based Optio Group, a specialty MGA, has announced that it will establish an MGA and reinsurance broker in Dubai, subject to final approvals from the UAE regulatory authorities.

Both businesses are expected to be operational by 1 January 2023, with an initial focus on accident and health (A&H). Drawing on the wider group’s specialty expertise, Optio also intends to make political violence and terrorism, marine war, kidnap and ransom and financial lines available in the region in due course.

Optio has so far made two senior appointments to lead the new venture: Dr Ahmed Ramadan will join as CEO and Mr Moayyad Abu Hayyeh as chief underwriting officer, A&H, and they will report to managing director David Robinson. Both join from Besso Re Middle East where they served as managing director and CUO respectively. M

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