Managing general agents (MGAs)
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.
Pen Underwriting sets sights on £1.75bn GWP target
Pen Underwriting has set a target of increasing gross written premiums to £1.75bn by 2030, CEO Tom Downey has told Post.
Rokstone and Allianz make five-year capacity deal
Allianz Commercial has extended its partnership with Rokstone through a five-year capacity arrangement.
Why claims are the true test of an MGA
As the MGA sector continues to evolve, Michael Keating, CEO of the Managing General Agents’ Association, argues claims excellence must be a strategic priority and technology embraced for efficiency, service improvements and complementing the human touch.
Smarter bordereaux management for a new era of delegated authority
A recent webinar hosted by Insurance Post in association with Charles Taylor InsureTech brought together industry experts to explore the evolving landscape of bordereaux management and its role in the digital transformation of delegated authority. Here…
Big Interview: Consilium’s James Baird and Paul Richards
Scott McGee sits down with Consilium co-CEOs James Baird and Paul Richards to discuss the broker’s rapid growth over the last two years, and why they would need a cow to jump over the moon to consider an acquisition.
Dual brings together businesses under single UK brand
Dual has brought several of its subsidiary businesses together under a single UK brand, as part of a broader global rebrand.
Bridgehaven’s Jewell’s verdict on Covéa CEO’s MGA decision
Paul Jewell, CEO of hybrid-fronting insurer Bridgehaven, has shared his thoughts on rival Georges de Macedo, CEO of Covéa Insurance, deciding his business won’t work with MGAs again.
Pen simplifies leadership structure ahead of MD’s retirement
Pen Underwriting has appointed Sarah Breslin as managing director of its new commercial UK & Ireland division.
Bridgehaven on course to hit £400m GWP
Eighteen months on from launching the UK’s first hybrid fronting insurer in the summer of 2023, Bridgehaven CEO Paul Jewell has revealed his business is on track to achieve £400m to £500m of gross written premium by the end of 2025.
Pen Underwriting and QBE agree £420m capacity deals
Pen Underwriting and QBE have announced the renewal of two UK and Ireland capacity deals, together worth £420m.
How MGAs can continue to transform in 2025
Trade Voice: As the underwriting capacity of the Managing General Agents’ Association’s membership tops £15bn, CEO Mike Keating looks at the trends that will shape the MGA market in 2025.
Could Covéa’s capacity withdrawal derail MGA progress?
After Covéa Insurance pulled away from MGAs due to a “control from an underwriting perspective”, Edmund Tirbutt examines whether other capacity providers could follow suit.