Optio Group, the specialty MGA, today announces 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 1/1/2023, with an initial focus on A&H. Drawing on the wider Group’s specialty expertise, Optio also intends to make PVT, Marine War, K&R 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 chief executive officer and Moayyad Abu Hayyeh as chief underwriting officer, A&H, and they will report to David Robinson, managing director. Both join from Besso Re Middle East where they served as managing director and CUO respectively.
Matthew Fosh, executive chairman, Optio group said: “The launch of Optio Dubai marks a significant step in our geographic expansion. Both Dr. Ahmed and Moayyad are experienced, highly regarded industry figures who will be outstanding additions to our business. With clients already in the UAE, our physical presence gives us the opportunity to expand our service offering over more products and businesses across the region.”