MGAs, Broker Facilities and Distribution
Broker Facilities, alongside the growth in MGAs, consortia, and special purpose syndicates, are revolutionising the Lloyd’s and London market landscape and signalling a shift away from traditional underwriting and distribution methods.
The investigation by the FCA has the potential to change relationships in the London market fundamentally and has significant implications for the pace of innovation and the profitability of different parts of the value chain
MGAs in focus
The MGA sector in the UK has largely carved a space for itself by providing specialist underwriting services but there is still ambiguity over what an MGA actually is
Contaminated water, dangerous reptiles, heat and humidity are among the challenges facing loss adjusters as they begin assessing flood damage in the city of Townsville, Northern Queensland
The London market must tell its story a lot better in Asia, Latin America and continental Europe to ensure it taps into the full breadth of talent it needs to succeed in these markets
It's not all about rates. There are some more fundamental issues for the market to address.
Some will argue that the when the market hardens, MGAs will go out of fashion - but major carriers like Brit and Ascot see MGAs as a key part of their growth strategies
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