Managing general agents (MGAs)

Grasping the nettle

The soft market has seen insurers strike up relationships with MGAs but, with prices in some sectors increasing, MGAs could offer even more benefits, says Paul Upton

Nexus buys CIFS

Nexus Underwriting Management has bought Credit Indemnity and Financial Services (CIFS) from Novae Syndicates for an undisclosed sum.

Profits up at Transactor

Transactor Global Solutions Limited (TGSL) and associated companies has announced a 20% increase in pre-tax profits to £600,000.

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