Optio Group has announced the launch of new political violence and terrorism (PVT) binders, expanding its specialty product offerings.
The independent managing general agent (MGA) will provide a limit of US$150 million, offering coverage against both physical damage and financial losses faced by businesses and organisations. The product also features an active assailant extension.
The binders are supported with 100% capacity from Lloyd’s of London. Optio said that the launch aligns with its broader strategy to deliver solutions that respond to evolving risk exposures.
The launch comes as the political violence and terrorism insurance sector experiences increased activity. Other market participants, including AEGIS London, have recently expanded their offerings, with AEGIS introducing a Lloyd’s-backed consortium providing up to US$100 million in limits for complex political violence risks.
Angus Bailey (pictured above), head of specialty at Optio, said re-entering the PVT market with US$150 million of Lloyd’s-backed capacity marks a significant development for the firm.
“It also enables our capacity providers to capitalise on Optio’s growing distribution network, ensuring broad market reach and sustainable growth. We’re excited to bring this enhanced solution to the market and continue strengthening our specialty capabilities with our partners,” Bailey said.
A notable feature of the new offering is the inclusion of active assailant coverage, which has seen growing demand across sectors such as hospitality, leisure, and healthcare. Organisations are increasingly seeking broader protection due to the rising frequency of incidents involving violent acts, seeking to address gaps not typically covered under standard liability policies.
The insurance market has also been shaped by recent increases in geopolitical instability, leading to heightened concerns over risks linked to civil unrest and terrorism. Munich Re and other major reinsurers have noted a corresponding rise in demand for PVT insurance products, as businesses reassess their exposure and seek to manage potential disruptions in volatile regions.
Optio’s launch is further supported by strategic partnerships aimed at expanding its underwriting capacity. The company recently entered into agreements with new insurer partners, including AmFirst Insurance Co., allowing Optio to offer exclusive capacity for PVT risks.
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