The Managing General Agents’ Association (MGAA) has announced that Mike Keating is set to join its ranks in September 2020 as its new Managing Director.
In his new role, Keating will take on responsibility for the continued growth of the MGAA’s membership and also for increasing engagement levels with both insurers and brokers. He will have a focus on ensuring the needs of MGAs are understood and being met with a broader range of membership benefits to support their growth.
Keating joins the MGAA from Qlaims Limited, where he served as Chief Development Officer. He has spent almost three decades in the insurance industry, during which he has held numerous senior leadership positions across a number of personal and commercial lines MGAs. This includes UK General and One Commercial. Previously, Keating has served as Managing Director of Intermediary & Partnerships at AXA Personal Lines.
He replaces Peter Staddon as Managing Director of the MGAA, who is set to retire in August. Staddon will remain at the firm on a part-time basis to ensure an orderly handover of responsibilities.
Charles Manchester, Chair of the MGAA, commented: “Mike’s understanding of the operational challenges MGAs face in building and sustaining a business in today’s market will be of real benefit to our members.
“The speciality lines sector faces capacity challenges, a continual hardening of the rating environment and the impact of COVID-19. Mike’s background in the insurer and broking management areas will be equally as important to us as we work to develop our capacity provider and broker relationships to create mutual opportunities for all parties.”
Keating added: “I’m delighted to be joining the Association at a time when the industry looks to tackle the challenges which were prevalent before the COVID19 crisis and those which have emerged over the last three months. MGAs have a continuing key role to play in delivering underwriting value to capacity providers as well as offering relevant products to meet the needs of their distribution partners.
“The Association will strive to ensure all the necessary support, engagement and tools are available for MGAs to meet these challenges both now and in the future.”