Optio Group has signed an agreement to acquire Gardian Marine Limited, a London-based managing general agent (MGA), for an undisclosed amount.
The completion of the transaction is pending regulatory approval.
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Gardian Marine, established by Guy Tyler and Edward Morgan, provides insurance solutions including marine builders’ risks, ship repairers liability, voyage and towage cover, and other specialist products.
These are supported by Lloyd’s and A rated insurer capacity.
This proposed acquisition would add to Optio’s marine-focused portfolio, following its purchase of Norwegian firm S Insurance last year.
Gardian Marine’s offerings have been developed to meet specific needs within the marine specialty sector and would contribute to expanding Optio’s range in hull, cargo, war, and shipbuilding insurance.
Tyler and Morgan previously served as directors at WTW, with experience in International Hull & Machinery and Special Risks respectively.
They collectively bring 28 years of experience in managing risks for shipyards and vessel operators.
Optio Group CEO Deepak Soni said: “Gardian Marine has rapidly evolved into a respected and disciplined business driven by Guy and Edward’s market-leading expertise and strong networks. Over the past few years, their talent and entrepreneurial spirit have laid the right foundations for a successful venture with strong cultural alignment with our own values and operating style.
“We are delighted that they have agreed to develop the next stage of the business within Optio, which will further strengthen our specialty capabilities and expand our London market presence. We look forward to seeing what they can achieve as part of our platform.”
Gardian Marine co-founder and director Guy Tyler said: “Ed and I have always understood the value of dedicated and expert service.
“By joining forces with Optio, we gain the scale and resources needed to elevate that commitment even further, deepening our capabilities while preserving the dedication and agility our clients rely on.
“We are excited about the opportunities ahead and are grateful to Optio and our capacity providers for their trust as we continue delivering solutions to manage an ever-evolving risk landscape.”
Last year, Optio finalised its acquisition of Circles Group, a Luxembourg-based MGA with a focus on special risks insurance.
