- Captives now viewed as a business enabler by MGA community
- Additional flexibility and opportunity to profit share two key drivers
- Cells in Washington DC, as well as Guernsey and Bermuda formations common
Managing general agents (MGAs) are increasingly launching their own captives as a means of providing additional capacity or in a bid to share in the underwriting profits resulting from its programmes.
MGAs, as well as managing general underwriters (MGUs), are a specialised type of insurance broker or agent that have been granted underwriting authority by an insurer, which can include binding coverage, pricing and settling claims.
Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.