Specialty lines continue to offer the greatest opportunity for MGAs, according to our CEO, Tim Quayle in a recent Intelligent Insurer interview.
The article clarifies that the demand for well-funded, multi-line, and multi-territory MGA businesses is growing, especially for those with experienced teams, and a differentiated offering.
Tim stated, “There’s a big opportunity in smaller, niche MGAs that haven’t yet been consolidated,” especially as the European MGA ecosystem has reportedly grown at a 23% five-year CAGR.
While US MGAs currently enjoy a more developed fronting market and greater access to capacity, the UK and EU market are clearly catching up fast. Europe therefore presents a key consolidation opportunity for the UK during the specialty market’s expansion.
Tim argues that as the market softens, MGAs must maintain discipline and specialise in well-defined niches. The current market conditions can present “an opportunity for MGAs who can differentiate their service offering, and value to their clients through risk management tools.”
For the full article and more information on the ‘sweet spot for MGAs’, read the full piece here:
Specialty is the sweet spot for MGAs: OneAdvent CEO Tim Quayle | Intelligent Insurer
Request a call back.
Let’s get the conversation started today.
Sign an NDA.
Take the first step in the next stage of your MGA business.
