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Optio announces group CEO is stepping down

Optio announces group CEO is stepping down | Insurance Business UK

Optio announces group CEO is stepping down

It has already been a busy day for senior leadership moves and the trend is continuing as the specialist MGA, Optio Group has today announced that its group CEO Kevin Hastings is stepping down from his role. Hastings, who has been with the business for a decade, will take up a non-executive role on the Optio Group board.

Meanwhile, his executive duties and responsibilities will be assumed by executive chairman Matthew Fosh and other members of the management team. Fosh joined Optio Group in October 2020 having stepped down from a previous role at AXIS last year and is known as a business builder with an underwriting background and automated trading experience.

In a Press release, Optio Group noted that Hastings is a “true entrepreneur” who co-founded Cove Programs in 2011 and Bay Risk Services in 2016, which continue to form part of the group today. The business said it is grateful for his many contributions and his ongoing support as a non-executive director, and wished him every success with his other business interests in the insurtech space.