The underwriting division of GRP, which consists of seven niche and speciality line MGAs representing over £100 million in gross written premiums, is one of the newest members of the MGAA. The division’s chief executive officer Clive Nathan discusses why now is a good time for MGAs to flourish.
Why did you join the Managing General Agents’ Association?
Running a successful managing general agent (MGA) requires a professional approach to core disciplines of service delivery, agency management and underwriting.
GRP’s combined Managing General Agents’ Association (MGAA) membership across all our MGA brands sends out positive messages to the market and our staff about our cohesion as an underwriting organisation, and also our commitment to the MGA sector as a group.
Can you give us a sense of the size of your MGA division and its growth trajectory?
We currently control more than £115 million gross written premium across our seven underwriting businesses: Plum; European Property Underwriters; Camberford Underwriting; U-Sure; Cherish; Lexicon; and Oasis. This makes us one of the largest MGAs in the UK. We are budgeting for decent organic growth this year, which will be driven by the implementation of some exciting new technology, and through developing the synergies across our broker distribution.
MGA, Intelligent Insurer, Clive Nathan, GRP, Underwriting, Insurance, Reinsurance, UK