delegated authority business News

Nexus Signs Delegated Authority Deal With Allianz Global Corporate & Specialty

Allianz Global Corporate & Specialty (AGCS) and Nexus Group announced a four year strategic underwriting and claims delegated authority agreement for small and medium-sized enterprises (SMEs) customers. Nexus, a specialty managing general agent, will underwrite and handle claims for primary …

Lloyd’s Market Assn. Launches Delegated Authority Group to Set Future Business Model

The Lloyd’s Market Association (LMA) has launched a Delegated Authority Committee (DAC) to inform and guide the evolution of this important aspect of Lloyd’s underwriting, distribution and claims. Delegated authority business currently accounts for roughly 40% of the market’s annual …

Endeavour Appoints Price to Drive Growth of U.S. & Canadian Specialist Business

London-based Endeavour Insurance Services* has appointed David Price as divisional director to drive further growth of the company’s specialist business across its U.S. and Canadian accounts. Price’s role will be to work with Endeavour’s broking and producer support teams in …

MGAA Members Back Lloyd’s Delegated Authority Plans

Representatives of over 75 percent of the UK’s Managing General Agents’ Association (MGAA) member organizations gathered yesterday to hear Peter Montanaro, Head of Delegated Authorities at Lloyd’s, set out the market’s plans for improving the oversight and management of delegated …