Brokers perceive MGAs as “indispensable partners” when it comes to non-standard risks, according to a recent roundtable hosted by Geo Underwriting. Lloyd’s’ efforts to “reduce its exposure to major losses and maintain cost discipline” has paid off according to Moody’s. Chris Croft at LIIBA shares his reflections on 2024.
MGAs build confidence in a complex non-standard risk market (Source: Insurance Age)
With capacity shortages and an over-reliance on standardised risk models, which are challenging in non-standard markets, brokers are turning to MGAs because of their “flexible underwriting and faster responses”.
Lloyd’s expected to maintain strong earnings over 2025, says Moody’s (Source: Reinsurance News)
The next 12 months at Lloyd’s look positive due to “underwriting discipline, favourable market conditions and robust investment returns”.
2024 North Atlantic hurricane season: the year in review (Source: Allianz)
Allianz summarises the season, exploring why there was such a long pause between storms at the beginning of the season, the impact of Hurricanes Helene and Milton and the pre- and mid-season forecasts vs actuals.
LIIBA’s verdict on 2024 (Source: Insurance Business Magazine)
The association reflects on its work with the FCA (in particular highlighting the regulator’s recognition of industry feedback in its “name and shame” proposal), Blueprint Two and its journey to ensuring a more inclusive marketplace.
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