MGAs, Sometimes Burned by Tech, Are Learning to Automate, Sell Online

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John Bennis, president, MGA Systems, said many Insurers and MGAs are turning to portals and automation to boost sales and cut expenses.

 

Specialty Program Distributors Help Drive M&A Activity

Jason Murgio, CEO, Merger & Acquisition Services, said speciality distributors including managing general agents and managing general underwriters, are actively sought for sales and acquisitions.

 

U.S.-Based Distributors Report Growing Interest From London Market

Brokers and insurance professionals at the third annual CHART-Exchange conference, held in Baltimore, say syndicates and others in the Lloyd's market are showing an appetite for new types of risks, startups and smaller organizations.
 

Wilson Elser Partner: From Idea to Program Can Be Tricky, Time Consuming

Thomas Wilson, partner, Wilson Elser, said brokers and managers looking to launch an insurance program often devote more than a year to starting up, and face a range of regulatory requirements.

 

Agents Still Wrestle With Issue of Redundant Submissions

Bryan Baird, CEO, Xagent, said his company aims to provide agents with a single entry point to submit to multiple carriers.

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