Pen’s Nick Wright on why scale matters to the modern MGA

Nick Wright, chief business development officer, Pen Underwriting

Media headlines about the managing general agent market have recently taken a welcome turn, from all the talk of capacity crunch and crisis to a message of renewed and rising confidence, observes Nick Wright, chief business development officer at Pen Underwriting.

Last month, Clyde & Co published the key findings of its annual survey of both carriers and MGAs, and found a market clearly thriving, not just surviving.

Confidence is recovering, hitting its

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MGAs Review of the Year 2025

An MGA chief would like Sir Bob Geldof to teach the industry a thing or two about social responsibility in 2025, and leaders are confident that while the hard market was punishing for a time in 2024, next year the sector is well-positioned to lead innovation and remain agile.

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