Trade association boss says capacity ‘crunch’ descriptor is ‘over the top’ - but ‘challenging’ is a more accurate way to explain the current lay of the land
“Traditional capacity” for MGAs “is being more selective”, meaning that insurers are “choosing to focus on fewer, larger relationships”, according to Jaime Swindle, chief executive of Ardonagh-owned MGA Geo Underwriting.
Speaking at a webinar hosted by Insurance DataLab this month (November 2022), Swindle explained what she believed was behind the capacity crunch being experienced by some MGAs.
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