MGAA adds 21 firms in a year amid stronger FCA engagement

Membership of the Managing General Agents’ Association (MGAA) has grown 8% over the past year, reflecting its role in “supporting the delegated underwriting sector as MGAs continue to attract risk and investment capital and strengthen their position within brokers’ placement strategies”.

This is according to the MGAA’s latest Annual Report – released today (27 August 2026) and covering the year to 31 July 2026 – which revealed that core membership rose from 249 to 270 firms across the period, while market practitioner members rose from 68 to 76 and supplier members from 152 to 162.

The report highlighted a particular focus on engaging with regulators, policymakers and trade associations over the past year, including the first attendance of the FCA at MGAA compliance insights sessions.

The MGAA said it had supported on issues including the ongoing regulatory burden, cross-border complexities, Consumer Duty, the motor finance redress scheme and data protection requirements, among others.

Alongside regulatory matters, the MGAA reiterated the success of its learning and insights schemes, including its online learning programme, MGA Assess, which registered 6,308 passed assessments in the year.

Continued evolution

Michael Keating, chief executive at the MGAA, said: “Shaping the future of delegated underwriting reflects both the continued evolution of the MGA market and the role our members are playing in driving that change.

“As the sector grows and evolves, the MGAA remains laser-focused on ensuring our members have the latest insights into our sector’s rapidly evolving landscape, increased opportunities for stakeholder networking and the relevant UK and European representation they need to succeed.

“Our stronger engagement with the FCA is an important part of that, ensuring the MGA voice is heard and giving members greater opportunity to engage directly on the regulatory issues affecting their businesses.

“Looking ahead, our comprehensive membership research project will help shape our priorities and investment over the next 24 months, ensuring the MGAA continues to evolve in line with the needs and ambitions of our members.”