Ascent Underwriting and Cove Programs rebrand as Optio

Change

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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