Why overseas capacity has become a concern for MGAs
Will Reddie and Bob Haken, partners at law firm HFW, explore the growing concern among managing general agents operating in the UK without capacity, which would put them in breach of regulations and runs the risk of criminal sanctions for both the insurer in question and its directors.
MGAs have recently become concerned that their use of overseas capacity might be in breach of UK law and regulation.
In the majority of cases, it will be clear whether an insurer is operating in the
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