Private equity investment also continues to be strong, says director of insurance research
A “great deal” of new capital is “lining up” to back managing general agents (MGAs), as opposed to traditional investment from the global reinsurance markets, according to insurance focused asset management firm Conning.
Speaking exclusively to Insurance Times, Conning’s director of insurance research and consulting, William Pitt, said: “This capital supports the paper offered to MGAs by a new generation of fronting companies, which have mushroomed over the past years.”
Read more…
Explore more news analysis here, or read up on MGAs here.
We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.
Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:
Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.