Specialty MGA Optio Group has launched Pinnacle Specialty Insurance, a new MGA focused on specialty and transactional risk. Headquartered in Amsterdam, Pinnacle provides warranty and indemnity, tax liability and contingent risk insurance across the European Economic Area.
Backed by AM Best A- (Excellent) rated capacity, Pinnacle offers limits of up to E20m for W&I and tax liability insurance, and up to E10m for contingent risk insurance.
The launch extends Optio’s existing warranty and indemnity and tax insurance capabilities in Europe through a dedicated team working with brokers, deal teams and advisers in its target markets.
Gary Head, chief underwriting officer at Optio Group, said: “The launch of Pinnacle represents an exciting expansion of our existing capabilities in the transactional risk market, and a natural extension of Optio’s strategy to support market-leading specialist underwriting businesses in attractive niche markets."
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