In-depth - MGAs: Agents of change
The MGA sector is showing strong growth, but how is it affecting the market and is there a risk it could go pop? Sam Barrett asks
Managing general agents (MGAs) have become a significant force in the insurance market over the last 10 years. But, with a number of threats on the horizon, there are concerns the recent growth in the market could be a bubble.
The market has certainly grown rapidly, says MGA Association (MGAA) managing director Peter Staddon. “When I joined the MGAA back in November 2013 we had 70 members writing around £2bn of business. Today we have 131 members writing more
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