Weekly News Roundup – 15th December

What to know what the MGA sector is facing in 2024? Or why Lloyd’s of London has had its rating upgraded? Or how the D&O market could finally be enjoying some stability? Get all this and more…

MGAA Event: 2024 Market Outlook (Source: MGAA)
This in-person event will outline the primary challenges facing the MGA sector in 2024 and explain the opportunities and difficulties at product level for 2024.

London D&O market hopes for stability in 2024 after two years of rating collapse (Source: Insurance Insider)
Sources indicate that carriers are prepared to turn down deals that appear overly discounted, leading to anticipation that there could be stabilisation in the market.

S&P upgrades Lloyd’s financial strength rating to AA- (Source: Reinsurance News)
Lloyd’s of London has had its rating upgraded due to its “very strong capital and solvency positions, with profitability in both underwriting and investments and strong premium growth evidenced in its 2023 H1 results”.

Understanding the MGA Assessments published by A.M. Best (Source: BIBA)
Stuart Shipperlee from Litmus Analysis explains why assessments can be very valuable for brokers and carriers.

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