Ex-Ink directors set sail with MGA

Thames Underwriting

MGA Ink's founders Keith Syrett and Philip Thomas are setting-up MGA Thames Underwriting to tap the contractors' market from 1 March.

Backed by an A- rated UK general insurer, the MGA is set to target employers' liability and professional indemnity primarily for contractors, including low excesses, non-standard and highly regulated areas, including manufacturing.

It will trade online from 1 March and wants committed relationships with brokers of any size. Syrett told www.broking.co.uk that the MGA would not compete with Giles-owned Ink's portfolio of roofers, scaffolders, cleaners and printers.

Mike Smith will take the

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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