Trade body swells to 64 MGA members
New managing general agents (MGAs) joining the Managing General Agents’ Association (MGAA) have hiked the total gross written premium controlled by the members to £2.5bn.
The trade body now has 64 full MGA members.
MGAA chairman Reg Brown said: “When we formed the MGAA we had a clear remit to represent the majority of the market in order to provide a better understanding of what MGAs are and the contribution they make to the insurance industry. As we can only achieve these goals when most of the market joins we are delighted to have hit the £2.5bn GWP milestone.
“Although this is a great achievement, we are certainly not complacent and intend to continue our efforts to build the membership and deliver an increased range of activities and benefits.”
Aqueduct Underwriting managing director Graham Elliott said: “It is vital that MGAs such as ours and the sector as a whole are strongly represented to ensure regulation is fair and to extol the benefits of the MGA model.”
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