Managing general agents (MGAs)
Bspoke in ‘ongoing’ conversations over retail acquisitions
Bspoke deputy chair Tim Smyth has said the MGA is pursuing a number of acquisitions that would add businesses to its newly formed retail division.
UK D&O market headed for ‘inflection point’
The UK directors’ and officers’ insurance market is approaching an “inflection point” as rates continue to soften amid insolvency and regulatory risks, the CEO and founder of financial lines MGA Kayzen Specialty has told Post.
Pen Underwriting’s plan to becoming biggest MGA
After Pen Underwriting hit a five-year goal of managing around £1bn of gross written premium a year ahead of schedule, Nick Wright, chief development officer, has revealed how the MGA will achieve £1.75bn by the end of this decade.
Bspoke promotes Gill to CEO
Bspoke Group has appointed Ryan Gill as CEO, succeeding Tim Smyth, who becomes deputy chair.
Penny Black’s Social Diary: FCA number plate; Ryan Specialty’s chocolate
Penny Black is back, sharing the tittle-tattle she overheard at insurance industry events, reviewing the quality of buffets at conferences, and giving a thumbs up – or down – to the sector’s social media posts.
Spotlight: The ESG opportunity: insurers as partners in SME resilience
Insurers and brokers look set to play a pivotal role in ESG education and risk management – and potentially, there is a role for more specialist products and incentives to reward firms that demonstrate best practice, writes Rachel Gordon.
Bspoke independence ‘set in stone’ after acquisition
NFP has committed to allowing Bspoke to run “completely independently”, having brought a long search for an MGA acquisition target to an end with the deal struck last week.
NFP snaps up MGA Bspoke
NFP, an Aon company, has bought MGA Bspoke Insurance Group for an undisclosed sum.
MGA platform Launch closes in on UK debut
Managing general agent platform Launch Underwriters is closing in on getting its first UK MGA off the ground, Post can reveal.
Bridgehaven makes acquisition to unlock EU MGA market
Bridgehaven has acquired Dublin-based insurer SureStone Insurance DAC, which will serve as its launchpad into the European managing general agent market.
Allianz recruits from RSA for MGA-facing role
Allianz Commercial has recruited Daniel Head from RSA as head of delegated authority and portfolio solutions for UK global and international markets.
Big Interview: Mark Christer, Wakam UK
Mark Christer, CEO of Wakam UK and deputy CEO of Wakam Group, sits down with Scott McGee to talk through his first year at the UK subsidiary, and plans to expand.
Raw materials price insurer seeks FCA authorisation
ChAI, a UK startup that allows businesses to manage supply chain risk by insuring against fluctuations in the price of materials, is seeking authorisation from the Financial Conduct Authority to set up its own insurer, Post can reveal.
Lloyd’s managing agent authorisation process to be streamlined
The Prudential Regulation Authority, Financial Conduct Authority, and Lloyd’s have agreed to streamline the process of regulatory approval for Lloyd’s managing agents.
MGA satisfaction with claims processes hits new low
Clyde & Co’s 2025 MGA Opinion Report has found that managing general agent claims management process dissatisfaction has worsened over the past two years.
SiriusPoint International on track to hit $750m GWP this year
SiriusPoint International is on track to write in the region of $750m of premium by the end of 2025, Post can reveal.
Hybrid fronts tipped to become ‘prevailing’ insurance model
Hybrid fronting is increasingly gaining market acceptance and has the potential to become the “prevailing” model of insurance, Bridgehaven chairman Erik Matson has said.
MGAA looking at increasing Lloyd’s syndicate membership
Managing General Agents’ Association CEO Mike Keating has revealed he is in discussion with some large Lloyd’s insurers in a bid to bring more syndicates in as members.
AI and MGAs have role to play in new era for insurance broking
Artificial intelligence will not replace advisors but will add to decision-making, while managing general agents will continue to become more and more relevant to brokers, delegates at the British Insurance Brokers’ Association’s conference heard today.
Georges De Macedo, Covéa
Georges De Macedo was appointed CEO of Covéa Insurance UK in June 2023 and has been tasked with guiding the business through a strategic turnaround.
Paul Jewell, Bridgehaven
Bridgehaven CEO Paul Jewell launched the UK’s first hybrid fronting insurer in the summer of 2023 and his business is already on track to achieve £400m to £500m of gross written premium by the end of 2025.
More Cowbell coming to UK insurance market
Managing general agent Cowbell has made its first move beyond the standalone cyber insurance market in the UK with the launch of a hybrid professional indemnity and cyber solution for technology firms.
Ecclesiastical ‘courting’ MGAs to offer capacity
Dave Carey, managing director of intermediary at Ecclesiastical, has revealed the new lines the insurer intends to enter, and how it will need to provide capacity to MGAs to double gross written premium by 2030.
Big Interview: Tom Downey, Pen Underwriting
As Pen turns 10, CEO Tom Downey sits down with Harry Curtis to outline his plans to turn the MGA into the equal of the UK’s largest insurers.