Specialty MGA Optio Group has entered into a partnership agreement with AmFirst Insurance Company (AmFirst), a large, US-based, A-rated carrier known for its expertise in property and casualty and medical areas, according to a news release.
The partnership will enable underwriting capacity for political violence and terrorism (PVT) risks across the globe, excluding the US, for the first time via Optio. The exclusive capacity will be used in conjunction with Optio’s digital rating tool, which enables real-time, data-driven underwriting of PVT risks. The recently developed tool is expected to provide enhanced efficiency and service for both the broker and the insured.
“I am extremely pleased to announce that we have successfully secured capacity on an exclusive basis to underwrite PVT risks,” said Tom Kennett, UK head of political violence and terrorism at Optio. “We look forward to working with our new insurer partner AmFirst in bringing much-needed new capacity to the PVT market at a time of pronounced geopolitical uncertainty.”
Have thoughts about this partnership? Let us know in the comments below.