Managing general agents (MGAs) have been a part of the UK market for ages – certainly for as long as I’ve been working. Despite this, it’s amazing how little understood they are, not least by themselves!
I recall the first meeting of MGAs to discuss the formation of the Managing General Agents’ Association (MGAA) and the trickiest part of the meeting was deciding what constitutes an MGA and trying to select exactly who could join.
So, it’s no surprise that MGAs are regulated as if they were
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