Back in June, many of the great and the good of the re/insurance industry gathered in Amsterdam for The Insurer’s European MGA Summit. The event brought together leading voices including Howden Re executive chairman Elliot Richardson, Scor UK and Scor Syndicate CEO Christopher Beazley, and Stuart McMurdo, president of Accredited UK and Europe, with Lloyd’s represented by Jane Bioletti, head of delegated authorities oversight.

Now, a few months on, the themes discussed at the summit remain highly relevant as the MGA sector continues to navigate softer rates, growing competition, and opportunities for innovation.

With that in mind, here are my key takeaways from the conference.

Underwriting leaders powering MGA’s

As dealmaking slowly rebounds, specialized firms will have an edge

In the ever-changing realm of the insurance industry, Managing General Agents (MGAs) have emerged as trailblazers, leading the charge in innovation and specialization. They deftly navigate the intricate web of underwriting and insurance product distribution, propelling the industry into uncharted territory. The allure of third-party capital looms large, acting as a catalyst for transformative growth within this sphere.

In the world of insurance, Managing General Agents (MGAs) may appear mysterious to the uninitiated, but they hold the potential to revolutionize the industry. Explore how MGAs bring innovation, agility, and value to insurers, insurtech firms, investors, underwriters, brokers, and policyholders, redefining the future of insurance in the UK.