MGA evolution can support broker independence, says Pro Global’s Danny Maleary
MGA leader assesses opportunities for brokers, changes in capital providers backing risks, market consolidation and the sector’s expansion.
The managing general agent sector is “at the cusp” of being something very different with access to insurance risk capital and products perhaps “defining what the regional UK broker actually is all about”, according to Danny Maleary, CEO of Pro MGA Global Solutions.
The business incubates MGAs from design through to regulation and trading and ultimately exit.
It has 35 MGAs in total, 80% of which are UK domiciled with in turn a significant percentage writing UK business in addition to
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