The UK-based managing general agent (MGA) Optio Group has completed its acquisition of Den Hartigh Beheer & Exploitatie B.V. after securing all necessary regulatory approvals.
Den Hartigh, established in 1916, operates from the Netherlands and Brussels. The MGA offers a range of property/casualty insurance products, focusing on land-based equipment, marine, and high-net-worth clients.
These products are distributed through brokers using a proprietary network. Jan Den Hartigh, the company’s CEO, will remain in his leadership role.
The financial terms of the deal, initially announced in July, have not been disclosed.
Optio described the acquisition as a key step in its broader plan to expand its presence in Europe. The company has also announced other strategic moves, including the acquisition of Luxembourg-based Circles Group, a film and events specialist MGA. Optio plans to use Circles Group as its European headquarters.
In addition, Optio revealed a strategic investment in Italian MGA Heca S.r.l. The investment is pending regulatory approval, and financial terms were not disclosed. The Circles Group deal represents Optio’s largest M&A transaction in Europe to date.
