Inaugural event attended by 14 carriers and 28 MGAs
The first Managing General Agents’ Association (MGAA) capacity exchange could prove to be an effective route to identifying and developing new products and schemes opportunities for insurers and managing general agents (MGAs).
The event, which was held at the Lloyd’s building in London last week, was supported by 14 local and regional carriers and 28 MGAs, which together represent more thanhalf of the MGAA’s membership.
The capacity exchange was launched by the MGAA to help members secure the support needed to expand and introduce new products by bringing together leading insurers serious about working with the MGA sector.
MGAA chairman Reg Brown (pictured above) said: “The level of support for this first capacity exchange has surpassed our expectations. Our MGA members were able to demonstrate their business and entrepreneurial skills at an event which aimed specifically to help short-cut the process of securing new capacity and partnerships.
“As a result of this success, we plan to extend the exchange on a regional basis in the UK.”
Jubilee’s head of marketing and business development Nick Grazier said: “This was a very effective event, and provided us with a number of positive opportunities for new schemes. The MGAs attending were clear and focused on what they were looking for, and the majority came with clear plans. We will definitely be supporting this event in the future.”
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