Ascent Underwriting and Cove Programs rebrand as Optio
Owner Preservation Capital Partners combined the two MGAs after buying US firm Cove earlier this year.
Ascent Underwriting is set to rebrand as Optio following its merger with Cove Programs, a US-headquartered managing general agent (MGA) specialising in the construction sector.
The business stated that the new name symbolises “a future-focused organisation that will leverage the strength of its people and embrace technology”.
The move follows on from Preservation Capital Partners taking a “substantial stake” in Ascent in November 2017.
Preservation also completed its deal to buy Cove, which
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