Nexus buys Hiscox MGA Marine business
Have MGAs been able to make the most of extraordinary circumstances which led to the hard market in 2020? As the market continues to harden in 2021, what challenges and opportunities lie ahead for the MGA landscape? Intelligent Insurer reports on a Re/insurance Lounge panel discussion.
Exposed to a make-or-break situation, managing general agents (MGAs) were given an opportunity to show their resilience and value by articulating consistency as well as innovation.
This was one of the main takeaways from a panel discussion “What does the hard market mean for MGAs?”. The discussion took place on Intelligent Insurer’s Re/insurance Lounge, an online platform where interviews and panel discussions are available on demand.
The panel included Mike Keating, chief executive officer of the Managing General Agents’ Association (MGAA); Catherine Bell, chairman of Magenta Insurance and board member of the MGAA; and Chris Rolland, group chief executive officer of AllClear Travel Insurance, and Networks and MGA advisory board chairman of the British Insurance Brokers’ Association.
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