Optio expands MENA operation with senior Dubai appointment

Specialty re/insurance MGA Optio has announced that Wael Mohsen has joined its Middle East and Africa (MENA) reinsurance operation in Dubai.

Mohsen joins with immediate effect as managing director of broking and general lines for Optio Re MENA in Dubai.

He will focus on property and casualty, energy, construction, cyber and medical malpractice lines, the company said.

Mohsen joins from Ardonagh Specialty, formerly Ed Broking, where since 2014 he held the role of managing director, MENA.

Startup Optio Re commenced trading in January 2023 and comprises an MGA and a reinsurance broker.

Optio said he would report to the CEO of Optio Re and its global head of accident and health business, Ahmed Ramadan.

“It is a testament to our success in the region that we are attracting talent of Wael’s calibre,” Ramadan said.

Mohsen brings close to three decades of industry experience across the Middle East, Africa and West Asia to the business.

Before Ardonagh and Ed, he held several senior positions including executive vice president, sales and marketing at Orient Takaful Insurance Company.

Prior to this he served as underwriting manager at Chubb Egypt Insurance Company.

Ramadan added: “Initially launching with a focus on A&H, his appointment signifies our expansion within the region.

“With his impressive market reputation, extensive distribution contacts throughout the MENA region, and having known him for years, I am confident he will be a fantastic addition to our growing team.”