Optio buys terrorism specialist Newbridge from Castel

Deal

Optio Group has bought London-based Newbridge Risk Partners from Castel Underwriting Agencies for an undisclosed sum.

Newbridge launched on Castel’s MGA formation platform in 2015, and specialises in writing political violence and terrorism cover in emerging markets.

Founders Chris Kirby and Henry Buchanan will join Optio with immediate effect.

Kevin Hastings, CEO at Optio, stated: “Huge opportunity exists in distributing Newbridge’s products to our core markets, particularly the US via Optio

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