Optio Group (Optio), which comprises MGAs Ascent Underwriting, Cove Programs and Optio Underwriting,has announced the addition of active assailant cover to its expanding political violence and terrorism (PVT) proposition.
It said that “building on the success” of its emerging markets portfolio, Optio’s PVT team, led by Chris Kirby, secured Lloyd’s capacity to underwrite active assailant, terrorism, and strikes, riots, and civil commotion risks in the US and Canada.
The product will be underwritten by Optio Underwriting Limited and distributed via Optio’s proprietary platform Optio Connect. The new placement was facilitated by Bay Risk Services, an Optio Group company.
Kirby said: “I am very pleased to announce the launch of our active assailant cover, which is a natural addition to our PVT portfolio, building on our proven ability to provide clients with robust financial protection and react quickly to events as they occur.
Specifically tailored for the North American market, it dovetails with our sabotage, terrorism, riots, and civil commotion coverage to meet the demands of brokers and clients.
He added: “Partnering with R3C further creates a tremendous level of available support from one of the pre-eminent companies in the global crisis management arena.”