Specialty MGA Optio Group has launched a Marine Specialty service, led by Angus Bailey. Bailey will be based in London and will report to Paul Western, group chief underwriting officer.
Bailey’s appointment marks Optio’s launch into the specialty marine market, which the MGA said aligned with its strategy for accelerated growth and continued enhancement of its specialty capability.
The initial focus will be on Marine War and Kidnap and Ransom risks. Bailey previously led Seacurus, a trading name of Castel Underwriting Agencies Ltd.
Prior to that, Bailey served as an underwriter at Barbican, specialising in K&R, Hull War and Seafarer Abandonment.
Western said: “I am extremely pleased to welcome Angus to Optio, whose appointment further builds upon our specialty market offering, and is indicative of the wealth of opportunities we see in this area. Angus is an established and well-regarded underwriter, with an impressive background in the marine specialty space. His experience in offering innovative solutions to niche risks, coupled with his use of technology to provide clients with fast, efficient and accessible protection, makes him an ideal addition to our ever-expanding team.”