MGA strikes first UK deal of 2025 with PI specialist buy
Optio Group has bought UK-based MGA Custodian Management for an undisclosed sum, subject to regulatory approval.
Founded in 2013 by managing director Zahid Naqvi, Custodian is a specialist in professional indemnity and management liability.
Deepak Soni, CEO of Optio Group, pictured, recently told Insurance Age the specialty MGA was “constantly searching for high-quality, speciality, underwriting-focused European MGAs and that includes the UK”.
Its recent European deals have included Italian MGA, Heca S.r.l., Norwegian-based MGA S Insurance AS, Netherlands-and-Brussels based MGA Den Hartigh and Luxembourg
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