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‘Equilibrium’ between MGAs and insurers yet to be achieved – Pen Underwriting’s Tom Downey

By 2024-05-24T07:00:00

Tom Downey - Pen Underwriting - Low Res

Chief executive additionally believes that capacity into MGAs will become ‘almost like an investment vehicle trust’

As MGAs develop their market share across UKGI, Tom Downey – chief executive of Gallagher-owned MGA Pen Underwriting – believes that insurers and MGAs “will find an equilibrium among ourselves”, with capacity into MGAs increasingly feeling “like an investment vehicle trust”.

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