TMK partners with Managing General Agents Association
Specialist insurer Tokio Marine Kiln (TMK) has teamed up with Managing General Agents’ Association (MGAA) to support the UK’s delegated underwriting network.
Through its investment, TMK will become the association’s principal sponsor and support its calendar of industry events including the annual MGAA Conference and Capacity Exchange in July. TMK will also hold a seat on the MGAA’s Legal, Regulatory and Compliance Committee as well as its Membership and Benefits Committee sub-group, which is responsible for education and training.
The MGAA was formed in 2011 as a not-for-profit organisation to represent the interests and needs of the UK’s growing network of managing general agents (MGAs). TMK has one of the largest MGA networks in the Lloyd’s Market.
Charles Manchester, chairman of the MGAA, said: “We’re delighted to be working in partnership with TMK to tackle the challenges facing our members today. Managing general agents are an established and fast-growing sector of the UK insurance industry, generating more than 10 percent of the UK’s £47 billion general insurance market premiums.
"With Solvency II, conduct risk and market modernisation, the impact on MGAs is significant. We are grateful for TMK’s support and look forward to shaping the future of delegated underwriting in the UK with them as our partners."
Roger Bickmore, strategic development director at TMK, added: "MGAs provide a fantastic service to our customers in the UK and internationally and are a critical channel for TMK. Our partnership will enable us to improve communication, embed new frameworks, and share insights and best practice, to ensure MGAA members remain leaders in the provision of insurance to our customers today and beyond."
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