Managing general agents (MGAs)
Financials Acquisition Corp to float on Stock Exchange
The special acquisitions company is looking to raise £150m to drive MGA and tech deals.
AM Best rates MGA Castel
The organisation said it is the first UK MGA to receive a performance assessment from the rating agency.
R&Q agrees £482m sale to Brickell
The deal would give shareholders a premium of around 20% on yesterday’s closing price.
KGM buys Eridge Underwriting Agency
The MGA forecast the combined business will underwrite £175m in gross written premium this year.
Q&A: Mike Keating – MGAA CEO
Ahead of the Meet the MGA event which takes place on 30 March in Birmingham, Mike Keating explains the value of MGAs to the broker space.
Pro Global adds Aurora to MGA platform
Insurtech Aurora targets SME business directly and through brokers.
Profile: Sian Fisher: The future for Fisher
Siân Barton meets the outgoing CEO of the Chartered Insurance Institute to reflect on her career, the challenge of modernising the CII, and the future
Pikl reveals £100m GWP ambition
CEO Louise Birritteri told Insurance Age that the company was also preparing to expand into the shared mobility space this summer.
MGA evolution can support broker independence, says Pro Global’s Danny Maleary
MGA leader assesses opportunities for brokers, changes in capital providers backing risks, market consolidation and the sector’s expansion.
MGA Lares launches unoccupied property product
The product is available to brokers via the Go-Insur digital insurance platform.
Jackson Lee highlights EV as "growing opportunity" for brokers with new launch
Jackson Lee Underwriting has launched electric vehicle early termination cover for companies participating in salary sacrifice schemes, as part of a wider push into the EV space in 2022.
Meet the MGA: Arc Legal
Peter Harvey, deputy chief executive of Arc Legal, tell Insurance Age about the bespoke products the MGA offers brokers and how 2022 might shape up for the market
Aqueous increases capacity in professional indemnity push
The managing general agent has increased capacity under plans to expand its foothold across the UK professional indemnity insurance market in 2022.
Freeway announces £250m deal with Sabre
The deal will stretch over five years and will see Sabre become an exclusive underwriting partner for Freeway’s MGA portfolio.
Acrisure highlights £1bn GWP aim as it moves to "disrupt" UK broking
President of UK Retail, Mark McIlquham, tells Insurance Age about the US-headquartered broker's UK expansion plans and reveals it is targeting £1bn in GWP within five years.
First Underwriting eyes £130m GWP
The MGA is also looking to expand into fresh product lines following its £1bn capacity deal with Accredited.
CBPE completes Direct Commercial deal
After receiving backing from CBPE, the MGA will sit alongside Carraig Insurance under Direct Commercial Group.
XS Direct goes into run-off in Ireland
The broker confirmed that, as a result, staff at its Dublin headquarters had been informed that they would be made redundant.
XS Direct's UK MGA stops writing new business
The Irish broker, which acts as an MGA in the UK, stopped accepting new business from 7 January after it was unable to renew its agency agreements with insurers. Its renewals business will also cease from 1 March.
CPP Group UK buys travel specialist Alpha Underwriting
The deal includes Alpha’s general insurance broker network and broker portal, and CPP says it is set to add more products to the portal within the next quarter.
Jackson Lee updates Sports Travel Plus policy
The scheme is now available for groups and teams competing and training overseas and includes cover for Covid-19.
Iprism adds product to SSP platform
According to the MGA, the platform removes the need for brokers to rekey quote data and provides a full quote and bind service, from rating and pricing to core administration, data analytics, and full policy documentation at point of sale.
First Underwriting secures £1bn capacity from Accredited
The five-year deal with Accredited, alongside McGill & Partners, provides capacity for specialty products and will help First to diversify its product lines.
MGA Tradewise goes into administration
The motor MGA stopped writing new and renewal business on 1 January after it was unable to renew its reinsurance protection with Berkshire Hathaway.