Article ID: a1e7cc67bbb644097282324185d0205a074e58783316cfc91d9b9f5eb56c373e
Source ID: secondary:insurancetimes.co.uk
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URL: https://www.insurancetimes.co.uk/news/london-based-marine-mga-acquired/1458188.article
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’We are excited about the opportunities ahead,’ says founder MGA Optio Group has agreed to acquire Gardian Marine for an undisclosed sum. Based in London, Gardian Marine specialises in marine builders’ risks insurance, ship repairers liability, voyage and towage insurance, alongside bespoke ancillary products, backed by Lloyd’s and A‑rated insurer capacity. It was founded by Guy Tyler and Edward Morgan, who both served as directors at WTW before establishing the MGA. Tyler said: “Morgan and I have always understood the value of dedicated and expert service. By joining forces with Optio, we gain the scale and resources needed to elevate that commitment even further, deepening our capabilities while preserving the dedication and agility our clients rely on. ”We are excited about the opportunities ahead and are grateful to Optio and our capacity providers for their trust as we continue delivering solutions to manage an ever-evolving risk landscape.” Marine expansion Optio said the transaction further broadens its existing marine-related offering, following the acquisition of Norwegian marine hull specialist S Insurance last year. Read: Principal acquires Bristol-based broker to create £60m-plus GWP business Read: Insurance intermediary platform to acquire London-based broker Explore more M&A-related content here, or discover other news stories here Gardian Marine’s products have been specifically designed to address gaps in the marine specialty market and will broaden Optio’s specialisms, which now span hull, cargo, war and shipbuilding. Deepak Soni, chief executive at Optio Group, said: “Gardian Marine has rapidly evolved into a respected and disciplined business driven by Tyler and Morgan’s market-leading expertise and strong networks. Over the past few years, their talent and entrepreneurial spirit have laid the right foundations for a successful venture with strong cultural alignment with our own values and operating style. ”We are delighted that they have agreed to develop the next stage of the business within Optio, which will further strengthen our specialty capabilities and expand our London market presence. We look forward to seeing what they can achieve as part of our platform.” His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism. He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile No comments yet
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