MGAA appoints new compliance and regulatory partner

The Managing General Agents’ Association (MGAA) has appointed Padda Consulting as its new UK compliance and regulatory partner.

The partnership will commence on 1 September 2026 and is intended to support MGAA members as regulatory requirements continue to evolve.

Padda Consulting was selected following a competitive tender process, with the MGAA saying the firm’s proposal aligned closely with its strategic objectives.

The MGAA said the partnership would offer broad regulatory coverage, dedicated compliance expertise and additional support services aimed at helping MGAs navigate regulatory change.

Member support

The appointment forms part of the MGAA’s wider efforts to strengthen the services available to members as compliance expectations across the insurance market continue to increase.

Mike Keating, chief executive at the MGAA, said: “Together with our excellent relationship with the FCA, Padda and the MGAA will ensure that through consistent reviews, collaborative engagement and ongoing monitoring of the MGA regulatory environment, our members’ interests remain a key priority.”

Founded more than 14 years ago, Padda Consulting provides compliance and governance support to insurers, brokers, MGAs and Lloyd’s market participants.

The firm said its team includes professionals with experience gained both within regulatory bodies and senior compliance positions across the insurance sector.

Suneeta Padda, founding director at Padda Consulting, said the firm had maintained a long-standing relationship with the MGAA.

She added: “We are absolutely delighted to be appointed as the MGAA’s UK compliance partner.

“Padda Consulting has worked across the insurance market for over 14 years and we have been involved with the MGAA since its early days.

“MGAs are such an important and entrepreneurial part of the market. We are looking forward to supporting members with clear, practical and commercial compliance advice that helps make regulation feel manageable.”