Lloyd’s of London insurer and member of Argo Group, ArgoGlobal, is to serve as a gold sponsor of the Managing General Agents’ Association (MGAA), as it continues its commitment to expanding its presence in the MGA marketplace.
The MGAA is a UK-based not-for-profit organisation that is dedicated to “representing true MGAs,” and as part of the new, three-year sponsorship deal, ArgoGlobal will participate in the organisation’s events, which includes the MGAA Capacity and Conference Exchange in July, 2017.
Global head of alternative distribution at Argo Group, Chris Lee-Smith, commented; “Innovative MGAs are a driver of change and a key growth area for Argo Group. Digital capabilities are a clear differentiator and facilitator of expansion for businesses in this sector, and an area in which ArgoGlobal has invested heavily. Developing our MGA partner network is a central pillar in our growth strategy.
“While we are not alone in this ambition, our digital, analytical, actuarial and modelling capabilities combined with our European platforms makes us a particularly compelling proposition for ambitious MGAs. We are looking to grow our MGA network particularly in SME and niche specialty sectors.”
Charles Manchester, Chairman of the MGAA, added; “ArgoGlobal’s investment in the future development of the Association supports our strategy to promote a greater understanding about the role of MGAs, increase the trading and business opportunities for our members, and drive best practice and education in the sector.
“This commitment reflects the continuing success and relevance of the sector to capacity providers. We are delighted to be working with ArgoGlobal to shape the future of the MGA sector.”