Kitsune closure shows scale and niche challenges for MGAs
Brightside’s decision to put car and van managing general agent Kitsune into run-off has reinforced the need for volume and specialism, according to experts who warned that entering the market now would not be for the faint-hearted.
Broker Brightside spent £4.4m across 2018 and 2019 alone in creating the business. It originally targeted £37m of gross written premium within 18 months of being rolled out at the start of last year.
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