Mass MGA launch predicted
Total Objects predicts at least 12 will launch into the London market
At least 12 new managing agents will be launched into the London market alone this year, predicts Total Objects.
The company believes that increased adoption of technology will make the MGA business model increasingly popular in 2010.
Paul Evans, director of major accounts at Total Objects, said: “Lloyd’s of London currently operates as a capacity provider with a number of MGAs, which derive a significant proportion of their income from overseas markets, particularly in North America (which
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