Optio CEO steps down after 10 years, moves to non-exec role

London-based specialty MGA Optio Group, which comprises Cove Programs, Ascent Underwriting and broker Bay Risk Services, has revealed that its group chief executive (CEO) Kevin Hastings has stepped down from his role after 10 years with the company.

His executive duties and responsibilities will be assumed by executive chairman Matthew Fosh and other members of the management team.

Meanwhile, Hastings will take a non-executive role on the Optio Group board.

Hastings co-founded Cove Programs in 2011 and Bay Risk Services in 2016; both of which form part of the Optio Group.

The company said it is grateful for his valuable contributions and ongoing support as a non-executive director and wishes him success with his other business interests in the insurtech arena.

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