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AM Best unveils plans to rate delegated authority providers

By Jon Guy 2021-03-24T07:59:00

rating

Plans for a financial rating regime for MGAs has been welcomed by the market, but doubts remain that firms will be willing to open their doors

Credit rating agency AM Best has launched the draft of its new methodology, ‘Best’s Performance Assessments’, for Delegated Underwriting Authority Enterprises (DUAEs), including MGAs - the plan has been described as a game-changer for the delegated authority market, but much will depend on the willingness of DUAEs to participate.

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