Reinsurance News
MGA
MGA’s, or managing general agents, are important participants in the insurance and reinsurance market landscape.
An MGA, or Managing General Agent, is often thought of as a specialist type of insurance intermediary, acting as an agent of an insurer, but having broader authority than a typical agent or broker. MGA’s undertake functions including underwriting, binding coverage, and even claims management, on behalf of an insurer or reinsurance capital provider. They tend to bridge the gap between insurers and specialised markets, often focusing on niche or complex lines of insurance and reinsurance underwriting business.
Read all our MGA focused insurance and reinsurance news below.
Rokstone Agriculture launches equine mortality product line with new capacity
20th August 2025
Rokstone Agriculture, a MGU specialising in agriculture and livestock, part of re/insurance MGA Rokstone, has secured new capacity to launch a new equine mortality product line for the US market across 19 states. The new product has USD 1,000,000 in admitted capacity came from Professional Solutions Insurance Company (PSIC). This move is ... Read the full article
MGA Elevate Specialty launches to revolutionise embedded & specialty insurance
18th August 2025
Elevate Specialty, a new managing general agent (MGA), has officially launched, entering the UK market with a mission to transform embedded and specialty insurance. The company aims to help make protection a seamless part of customers’ lives, moving away from outdated legacy models that “often deliver poor customer experiences and stifle ... Read the full article
Majority of MGAs believe the claims process with carriers needs improvement
11th August 2025
Over three-quarters (77%) of MGAs say the claims process with carriers needs improvement, up from 59% in 2023, with 91% of carriers sharing this view, according to the MGA Opinion Report by Clyde & Co in collaboration with the MGAA. The report highlighted the complex landscape the MGA sector faces, shaped ... Read the full article
Applied Underwriters launches Innovation Risk MGA platform
28th July 2025
Applied Underwriters, a provider of insurance solutions, has announced the launch of Innovation Risk, a new managing general agent (MGA) platform focused on casualty, accident, and life underwriting operations. This new independently operated MGA platform proprietary will leverage technologies and advance risk measurement methods. It is also expected to attract top ... Read the full article
Bridgehaven expands into European MGA market with SureStone acquisition
28th July 2025
Bridgehaven Europe Holdings Limited (Bridgehaven), a UK-based hybrid insurer focused on commercial and specialty lines, has entered into an agreement to acquire SureStone Insurance DAC (SureStone), a Dublin-based insurer, for an undisclosed fee. SureStone will become Bridgehaven’s first European Subsidiary to underwrite EU risks through the rapidly evolving MGA market—expected to ... Read the full article
Pinpoint UK a long-term play for AM Specialty Insurance Company: Barder and Powell
24th July 2025
For the latest Reinsurance News video interview, we spoke with Shevawn Barder, Founder and CEO of AM Specialty Insurance Company (ASIC) and Darren Powell, CUO of Pinpoint UK, to hear their plans for the new MGA and how progress has been so far as the E&S carrier ... Read the full article
U.S. MGA premiums grow 16% in ‘24 driven by migrating talent, AI adoption & other factors: Conning
11th July 2025
The U.S. Managing General Agent (MGA) growth once again outpaced the broader property-casualty market, with direct premiums written rising 16% year-over-year to an estimated $114.1 billion, a recent Conning study has revealed. Conning's latest strategic study, "Managing General Agents: Built for What's Next," highlights several market dynamics that have benefited the ... Read the full article
Global MGA/MGU sector surges to $29.25bn in 2024, Insuramore reports
10th July 2025
Insuramore, a provider of market intelligence for the insurance industry, has released its latest findings on the size and structure of the global managing general agent (MGA), managing general underwriter (MGU), and coverholder market. According to Insuramore’s research, total worldwide revenues earned by these groups reached an estimated USD 29.25 billion ... Read the full article
Ripe year-on-year revenue grows to £20.6m as expansion continues
1st July 2025
Ripe, a UK digital managing general agent (MGA), has achieved 16% year-on-year revenue growth, with turnover increasing to £20.6 million in the 12 months ending 31 December 2024, up from £17.8 million in 2023. This growth marks the company’s 17th consecutive year of double-digit revenue rises. Throughout the year, the MGA ... Read the full article
Neptune appointed as Palomar’s exclusive MGA for flood insurance
27th June 2025
Specialty property insurer Palomar Holdings, Inc. has announced a strategic partnership with Neptune Flood, a private flood insurance provider, to accelerate growth in the US flood insurance market. As part of the collaboration, Neptune will become Palomar’s exclusive managing general agent (MGA) for flood insurance. Palomar will gain access to Neptune’s AI-powered ... Read the full article
European MGA market growth is outpacing US and global benchmarks: Howden Re
11th June 2025
In a new report, Howden Re reveals that the European Managing General Agent (MGA) ecosystem is growing at a five-year compound annual growth rate (CAGR) of approximately 23%, outpacing both US and global benchmarks. There are over 650 MGAs across Europe with approximately €18 billion in gross written premiums in 2024 ... Read the full article
MGAs’ premiums increased 15% to $89.9bn in 2024: AM Best
5th June 2025
Premiums generated through managing general agents (MGAs) and other delegated underwriting authority enterprises (DUAEs) reached $89.9 billion in 2024, a 15% year-over-year increase and the fourth consecutive year of double-digit growth, according to a recent AM Best report. The report noted that the number of MGAs producing $500 million or more ... Read the full article
Optio Group launches enhanced political violence and terrorism coverage
2nd June 2025
Optio Group (Optio), an independent specialty managing general agent (MGA), has announced the successful rollout of its new political violence and terrorism (PVT) binders. The product offers a coverage limit of USD 150 million, designed to safeguard businesses and organisations against a wide range of physical and financial risks. An optional ... Read the full article
Arden surpasses $300m of in-force premium
30th May 2025
Arden Insurance Services, a tech-enabled managing general agency (MGA), has surpassed $300 million of in-force premium since its founding in June 2016. This major milestone means Arden now insures over $175 billion of total insured value. The MGA attributes its rapid growth to a distinctive strategy that combines dynamic risk selection, proprietary ... Read the full article
Rokstone launches International Casualty Division, names Wylie Portfolio Manager
29th May 2025
Rokstone, the international specialty re/insurance MGA and part of the Aventum Group, is strengthening its global specialty offering with the launch of its International Casualty Division. Sam Wylie has been appointed Portfolio Manager of the new division, a UK-based role, and will be joining the company upon completing his notice period. Wylie ... Read the full article
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