MGAs under threat as insurers set to crackdown
News Analysis: Covid-19 and BI wordings row likely to see a flight to quality, specialist providers while vanilla offerings set to struggle.
Insurers are going to tighten up how they work with managing general agents in the wake of the Covid-19 business interruption cover dispute.
The coronavirus is also likely to increase market hardening, another area that will give insurers pause for thought with regards to how they trade with MGAs, according to experts.
Charles Manchester CEO of Manchester Underwriting Management told Insurance Age: “It’s a harder market now and policy wordings get narrower in harder markets. Insurers stand
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