Optio Group, the London-based, independent specialty MGA, announced the launch of new political violence and terrorism (PVT) binders, backed by 100% Lloyd’s of London capacity.
The new product provides a US$150 million limit, ensuring comprehensive protection against both physical and financial threats faced by businesses and organizations. It also includes an active assailant add-on.
“Re-entering the PVT market with US$150 million of Lloyd’s-backed capacity is a significant milestone for Optio and underlines our dedication to delivering high-quality coverage,” commented Angus Bailey, head of specialty, in a statement.
“It also enables our capacity providers to capitalise on Optio’s growing distribution network, ensuring broad market reach and sustainable growth. We’re excited to bring this enhanced solution to the market and continue strengthening our specialty capabilities with our partners.”
Source: Optio Group
Topics Catastrophe Natural Disasters New Markets Insurance Wholesale
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