Optio Secures Circles Group in Strategic Acquisition
Deal News | Aug 06, 2025 | Re-Insurance News
Optio Group, a specialty managing general agent (MGA), has finalized its acquisition of Luxembourg-based Circles Group, realising its largest acquisition in Europe to date. Circles Group, established in 2001, is a major player in the contingency and special risks insurance sectors, securing insurance for over 100,000 films and events. The company also has a strong presence in markets such as events, fine art, jewellery, and equine insurance. This acquisition is a strategic move in Optio's broader international expansion, building upon previous acquisitions in the Netherlands, Norway, the UK, and a strategic investment in Italy.
Sectors
- Insurance
- Entertainment
- Art and Jewelry
Geography
- Luxembourg – Circles Group is based in Luxembourg.
- Europe – The acquisition signifies Optio's largest expansion in the European market.
Industry
- Insurance – The acquisition involves specialty managing general agents (MGA) and providers of contingency and special risks insurance.
- Entertainment – Circles Group is a major insurer for cinema and live events in Europe.
- Art and Jewelry – The acquired company provides insurance solutions for fine art and jewellery.
Financials
- 50 million – The premium value managed by Circles Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Optio Group | Acquirer | Company | A specialty managing general agent focusing on international expansion. |
| Circles Group | Target Company | Company | A Luxembourg-based MGA specialising in contingency and special risks insurance. |