Managing general agents (MGAs)
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.
More deals in pipeline for Markerstudy after £400m BGL Insurance buy
Group underwriting director Gary Humphreys tells Insurance Age about the MGA's biggest deal to date and its plans for the future as he confirms that an IPO "hasn’t been ruled out as possibility".
UK General appoints CUO
David Boulcott joins the firm to replace outgoing David Brown.
Markerstudy Group buys family-owned Lloyd’s broker
The acquisition of Clegg Gifford will offer Markerstudy access to the Lloyd’s market, a step which it deems 'integral' to its expansion strategy.
MGA Tradewise set to close to new business and renewals
The motor specialist says it is looking for alternative solutions after being unable to renew protection with reinsurance provider Berkshire Hathaway.
Specialist Risk Group reveals growth strategy
The broker is set to add more products to its newly-merged MGA and has also appointed a group CFO.
Specialist Risk Group launches MGA
MX combines the four MGAs owned by SRG and will operate in the UK and the EU.
Meet the MGA: Iprism
Managing director Ian Lloyd talks to Insurance Age about the services the company offers brokers, its products, and the role MGAs play in the broker space
Blog: Is the industry falling in love with GAP insurance again?
Avid's Steve Duxbury discusses how the market for GAP insurance has changed since the FCA's 2015 thematic review and argues that it is set for accelerated growth.
People Moves: 15-19 November 2021
Keep up to date with the latest moves in the insurance space.
MGA Fiducia launches commercial combined product
The product, which will be marketed through its broker partners, provides a range of coverages under one policy.
News Analysis - “Everybody’s service is rubbish” – insurer service uncovered
Edward Murray explores why brokers are being left out in the cold when it comes to insurer service and asks what has driven the collapse in quality