Grasping the nettle
The soft market has seen insurers strike up relationships with MGAs but, with prices in some sectors increasing, MGAs could offer even more benefits, says Paul Upton
The successful birth of the Managing General Agents’ Association (MGAA) has highlighted the continuing appetite of brokers and policyholders for the services of underwriting agencies.
From a broker’s perspective MGAs can offer a variety of potential benefits ranging from speed of service over their larger insurer rivals, innovative products and often a degree of exclusivity and ‘difference’.
The sector controls a significant proportion of the UK general insurance market and so attracts the
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