RPC's corporate insurance team has advised Optio Group on its acquisition of nuclear risk underwriter, Northcourt.
Northcourt is licensed to underwrite nuclear property and liability risks globally, with clients in Europe, Russia, China, South Africa and Canada. The executive management team and staff will all remain with the business.
Matthew Fosh, executive chairman at Optio Group, said: "This transaction was strategically critical for Optio. As such, it was equally critical that we worked with advisers who not only understood the law, but also had a rich appreciation of the dynamics of the insurance market and how we operate.”
The Optio transaction follows other announced insurance deals handled by RPC in 2021, many of which are private equity/financial-sponsor backed.
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