Clyde & Co eyes UK MGA market with new team of specialists
Global insurance-focused law firm Clyde & Co has formed a new team focussed on serving the UK’s managing general agent (MGA) market. It will provide legal services across a range of insurance lines including property & casualty, cyber and professional indemnity.
Rob Crossingham (professional indemnity) will lead the team with Henry Kirkup (casualty) and Viran Ram (property and liability) appointed as as lead partners. The trio brings deep experience of working with MGAs.
The team of specialists will assist the MGA sector in all of its insurance-specific legal needs from policy wording reviews, coverage advice, claims and litigation services, to pursuit of supplicated recoveries and more.
Crossingham said: “Clyde & Co recognises the hugely important position that MGAs have in the wider UK insurance market. The MGA sector has reached maturity as a firmly established part of the mainstream insurance ecosystem bringing flexibility, access to new and specialist markets and the ability to deploy technology for the benefit of capacity, brokers and policyholders alike.”
“We have a proven track record of supporting MGAs at every stage of their development; helping them to raise capital start to grow their business; managing the issues around regulation, commercial operations or overseas development; helping with acquisitions, renewal rights and transactions or disposals; and, should the need arise, helping businesses to close their books and manage the resulting legacy,” Crossingham added.
“Our new offering is testament to Clyde & Co’s offering to both traditional and emerging insurers and further cements our position as the pre-eminent insurance law firm. It is underscored by our renewed commitment to the MGAA, who we have worked with closely since its inception in 2011. We are proud to be a founding member supplier of the organisation providing advice to MGAs and capacity providers in the UK and worldwide.”
Mike Keating, CEO of the MGAA said: “Like Clyde & Co we look to drive innovation and high standards within the insurance sector and enhance the sustainability, effectivity and authority of our MGA members. As a leading player in our market, I am delighted to have their renewed commitment to our association and to our members.”
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