Nexus Group's Colin Thompson on the evolution of MGAs
With more than 300 UK-based managing general agents underwriting roughly £5bn - circa 10% of the UK general insurance market - the MGA is already firmly established within the London market providing a key access point to local markets and the ability to penetrate new or emerging markets.
The litmus test for any MGA is its ability to underwrite a profitable book of business and deliver low combined ratios to its risk carriers. Driven by the model combining underwriting expertise
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