In a boost for MGAs, AM Best has maintained its positive market segment outlook for the delegated underwriting authority sector due to its “sustained growth and niche expertise”. Insurance Times have released their annual MGA market report, which explores MGA and broker relations and highlights the MGAs who have hit the magic 5-star rating. A new report from our client, Cowbell, reveals the businesses and industries most likely to experience cyber incidents.
Rapid growth of MGAs continues to lead the sector – AM Best (Source: Global (Re)Insurance)
Rating agency, AM Best, maintains its positive view on the delegated underwriting authority enterprises segment, as well as for the global reinsurance business.
Insurance Times MGA Market 2024/25 Executive Summary (Source: Insurance Times)
Brokers have revealed their thoughts, opinions and levels of satisfaction with the services they receive from their MGA partners in the Insurance Times’ 5th MGA survey.
Cowbell reveals surge in supply chain attacks and rising business risks (Source: Reinsurance News)
Companies with revenues surpassing $50 million (£40.5m) are 2.5 times more likely to experience cyber incidents, according to a new report from Cowbell. The manufacturing sector “is identified as the most at-risk, with cyber risk scores 11.7% lower than the global average”.
FCA branded ‘incompetent at best’ in scathing parliamentary report (Source: Money Marketing)
The All-Party Parliamentary Group (APPG) has accused the regulator of “systemic failures, including regulatory inaction, cultural defects and inadequate handling of whistleblower evidence”.
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