Specialty MGA Optio Group has announced the appointment of Wael Mohsen (pictured above) as the new managing director of broking and general lines for Optio Re MENA Ltd. in Dubai. Optio Re, which began its operations in January 2023, functions both as an MGA and a reinsurance broker.
Mohsen joins Optio Re just as the company approaches its first anniversary. He brings with him nearly 30 years of experience in the insurance industry, with a background that spans the Middle East, Africa, and West Asia. His most recent position was with Ardonagh Specialty (previously Ed Broking), where he served as managing director for the MENA region since 2014.
As per LinkedIn, prior to this role, Mohsen held several high-ranking positions, including executive vice president of sales and marketing at Orient Takaful Insurance Company and underwriting manager at Chubb Egypt Insurance Company.
Mohsen's appointment takes effect immediately, and he will be reporting to Dr Ahmed Ramadan, CEO of Optio Re and global head of accident and health (A&H). His primary focus will be on a range of insurance lines including property and casualty, energy, construction, cyber, and medical malpractice.
“It is a testament to our success in the region that we are attracting talent of Wael’s calibre. Initially launching with a focus on A&H, his appointment signifies our expansion within the region. With his impressive market reputation, extensive distribution contacts throughout the MENA region, and having known him for years, I am confident he will be a fantastic addition to our growing team,” Ramadan said.
In other recent developments, Optio has also announced its entry into a partnership agreement with AmFirst Insurance Company (AmFirst).
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