Managing general agents (MGAs)
AI and MGAs have role to play in new era for insurance broking
Artificial intelligence will not replace advisors but will add to decision-making, while managing general agents will continue to become more and more relevant to brokers, delegates at the British Insurance Brokers’ Association’s conference heard today.
Ecclesiastical ‘courting’ MGAs to offer capacity
Dave Carey, managing director of intermediary at Ecclesiastical, has revealed the new lines the insurer intends to enter, and how it will need to provide capacity to MGAs to double gross written premium by 2030.
Big Interview: Tom Downey, Pen Underwriting
As Pen turns 10, CEO Tom Downey sits down with Harry Curtis to outline his plans to turn the MGA into the equal of the UK’s largest insurers.
Pen Underwriting sets sights on £1.75bn GWP target
Pen Underwriting has set a target of increasing gross written premiums to £1.75bn by 2030, CEO Tom Downey has told Post.
Rokstone and Allianz make five-year capacity deal
Allianz Commercial has extended its partnership with Rokstone through a five-year capacity arrangement.
Why claims are the true test of an MGA
As the MGA sector continues to evolve, Michael Keating, CEO of the Managing General Agents’ Association, argues claims excellence must be a strategic priority and technology embraced for efficiency, service improvements and complimenting the human touch.
Smarter bordereaux management for a new era of delegated authority
A recent webinar hosted by Insurance Post in association with Charles Taylor InsureTech brought together industry experts to explore the evolving landscape of bordereaux management and its role in the digital transformation of delegated authority. Here…
Big Interview: Consilium’s James Baird and Paul Richards
Scott McGee sits down with Consilium co-CEOs James Baird and Paul Richards to discuss the broker’s rapid growth over the last two years, and why they would need a cow to jump over the moon to consider an acquisition.
Dual brings together businesses under single UK brand
Dual has brought several of its subsidiary businesses together under a single UK brand, as part of a broader global rebrand.
Bridgehaven’s Jewell’s verdict on Covéa CEO’s MGA decision
Paul Jewell, CEO of hybrid-fronting insurer Bridgehaven, has shared his thoughts on rival Georges de Macedo, CEO of Covéa Insurance, deciding his business won’t work with MGAs again.
Pen simplifies leadership structure ahead of MD’s retirement
Pen Underwriting has appointed Sarah Breslin as managing director of its new commercial UK & Ireland division.
Bridgehaven on course to hit £400m GWP
Eighteen months on from launching the UK’s first hybrid fronting insurer in the summer of 2023, Bridgehaven CEO Paul Jewell has revealed his business is on track to achieve £400m to £500m of gross written premium by the end of 2025.
Pen Underwriting and QBE agree £420m capacity deals
Pen Underwriting and QBE have announced the renewal of two UK and Ireland capacity deals, together worth £420m.
How MGAs can continue to transform in 2025
Trade Voice: As the underwriting capacity of the Managing General Agents’ Association’s membership tops £15bn, CEO Mike Keating looks at the trends that will shape the MGA market in 2025.
Could Covéa’s capacity withdrawal derail MGA progress?
After Covéa Insurance pulled away from MGAs due to a “control from an underwriting perspective”, Edmund Tirbutt examines whether other capacity providers could follow suit.
Iprism secures Zurich capacity for commercial products
Iprism has signed a multi-year capacity deal with Zurich, where the latter will provide property and casualty capacity for the former's property owners and commercial combined products.
Sign up for webinar on managing the growing regulatory burden
A recent survey highlighted the increasing strain the insurance market is under.
Big Interview: Rob Gibbs and Alex Hardy, SiriusPoint
Rob Gibbs, CEO and Alex Hardy, head of sales and distribution at SiriusPoint International, sit down with Harry Curtis to discuss how the insurer and reinsurer is looking to diversify and forge enduring partnerships with MGAs.
Upcoming webinar: How is the delegated authority business changing in the digital age?
With The Lloyd’s Market Association crunching the findings of its market-wide consultation on the new Computable Binding Authority Agreement (CBAA) model, bordereaux management is entering a new era.
Antares launches UK insurer to tap into MGA market
Antares has launched a UK-based insurer, which will form part of a new retail division focused on business written primarily through established managing general agents.
Covéa CEO rules out working with MGAs again
Georges de Macedo, CEO of Covéa Insurance, has revealed the provider won’t work with MGAs again as he feels “control from an underwriting perspective” is key to returning to profit.