Clarity on delegated authority
Peter Staddon, managing director of the Managing General Agents' Association, calls for clear structures around business responsibilities.
At the beginning of June the Sword of Damocles was raised over a large part of the insurance distribution chain as a consequence of the FCA's thematic review of the entire delegated authority process.
Their review highlighted a number of issues that go to the heart of business systems and controls, not least the need for a clear allocation of responsibilities between all parties involved with delegated authority facilities. This is not just to manage conflicts created by a dual agency
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Biba 2026 Countdown: Dual’s Moira Spencer
Moira Spencer, regional manager for the North West at Dual Underwriting, looks forward to beating everybody at shuffleboard, and recommends the Northern Quarter to switch off and trainers over heels to survive the two day event.
Analysis: Does Intact’s investment in UKGI signal a new era of insurer broker buys?
In 2025 the parent company of Top 100 UK broker Adler Fairways secured financial backing from Intact Financial Corporation. Insurer investments in brokers are nothing new, but the trend over the last decade has been divestments which raise the big question: Does Intact’s move represent a one off or start of something wider? Saxon East investigates.
Howden lifts the lid on MGA sale valuations
The UK remains the largest European market for MGAs, with gross written premium estimated at approximately £7.2bn in 2025, up around 20% year-on-year (2024: £6.3bn).
Wakam shares MGA partnership growth plans
Wakam UK has detailed its plans for being a “strategic partner” with managing general agents as it seeks further growth in the sector.
Biba 2026 Countdown: Bspoke’s Kieran Molloy
Kieran Molloy, underwriting manager at Bspoke, believes the spontaneous Biba meetings are often the most valuable and describes the perfect insurance all-rounder as someone with a never-say-die attitude who can win when everything is stacked against them.
Aviva reveals 15 new hires in regional specialty push
Aviva has hired 15 people in its regional specialty segment as it commits to increasing market visibility through deeper, face-to-face engagement with brokers across the regions.
Hiscox maintains UK expansion pace in Q1
Hiscox UK grew written premiums by 8.9% to £181.2m in the first quarter compared to the same period the year before, underpinned by “strong double-digit” growth in its art and private client arm.
Biba 2026 Countdown: Drive Further’s Jon Daniels
Jon Daniels, managing director of Drive Further, recommends that a bit of preparation goes a long way before the conference and looks forward to the quality conversations when things get calmer on Thursday morning.