MGA’s News

U.K. MGAs Seek Greater Role in Claims Process: MGAA Matters Survey

Managing general agents are keen to be more involved in the claims process because they view claims as a core competence with an intrinsic link to underwriting, according to the latest MGAA Matters Survey.* The fourth quarterly MGAA Matters Survey, …

Thornton Named Managing Director of Global Risk Partners’ Retail Broking Unit

Global Risk Partners Limited (GRP)* is pleased to announce that Neil Thornton will be joining as managing director of GRP’s Retail Broking business. Thornton was previously head of the Commercial Division of Bluefin Insurance Services and before that managing director …

Booth Joins DUAL as Non-Exec Chairman & Named Hyperion’s Non-Exec Director

Hyperion, the world’s largest employee-owned insurance group, announced today that Clem Booth will join DUAL, its underwriting arm, as non-executive chairman of the board. He will also become a non-executive director on the board of Hyperion. The appointments are subject …

EFG Launches Home Warranty Product for Sale by Insurance Agents

EFG Companies has launched a home warranty product designed to be sold by insurance agents. The product, Simplicity Home Warranty, covers all non-manufactured, non-historic homes, regardless of square footage. The warranty includes protection for unknown pre-existing conditions; rust and corrosion; …

NetRate Systems Introduces Businessowners Rate-Issue System for MGA’s and Carriers

Okemos, MI August 1, 2011 – NetRate Systems, Inc. (Okemos, MI), a leading supplier of ISO┬« Commercial Lines Rating software for the MGA and carrier marketplace, has announced the availability of a new, high-powered Rate and Policy Issue system designed …

Catlin Stokes Broker Compensation Controversy

The simmering compensation conflict between London’s broker community and the underwriters they work with erupted following a keynote speech given by the Catlin Group’s chief executive Stephen Catlin this week at a conference in London sponsored by Insurance Day. Catlin …