Managing general agents (MGAs) remain a vital part of the rich tapestry of the London Market. In this report, we gathered the results of the 60 biggest MGAs in the London Market, examining their growing affinity with insurance and grilling a few on their outlook and plans for the coming years.
Only 15 of the 60 MGAs profiled here shrank in the period 2015–16—it was a positive year for the majority of the market. That is perhaps testament to the ability of MGAs to thrive during a soft market as they help carriers access niche business and diversify.
An agile and lean MGA market gives the London Market a cutting edge in many ways. It can help insurers respond to a soft market which makes finding profitable growth a challenging quest; equally they can respond quickly to changes in rates.
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London Market, Lloyd's, MGA, Managing general agents, Insurtech, Insurance, Reinsurance, Castel Underwriting, Plum Underwriting, CFC Underwriting, Barbican