Panel discussion at the MGAA 2018 conference
Managing general agents (MGAs) are coming under growing pressure from Lloyd’s as part of the market’s profitability push while also grappling with the continued uncertainty around Brexit. But executives in the sector remain confident they can adapt and manage the challenges.
This was the gist of discussions that took place at the annual conference of the Managing General Agents’ Association (MGAA), which took place on July 12 in London.
Despite some headwinds, the MGA sector is going strong and thriving with new startups adding to a diverse sector, panellists suggested during the event.
“If you look at the MGA space in the last five to seven years, it is a fashion statement, it is vogue. If you look at the kind of valuations on MGAs, they are very significant,” said Ash Bathia, CEO of Probitas 1492, during a panel discussion. “You hear about new MGAs that are being set up virtually every week.”
MGA, Lloyd's, Insurance, Reinsurance, Specialty, Ash Bathia, Charles Manchester, Sam Bobo, Catherine Bell, Europe