Target Markets, AM Best TV, Program Administrators, MGAs, Managing General Agent, Delegated Underwriting Authority Enterprise, DUAE

Target Market Attendees See No Letdown in MGA Acquisition Activity

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Summit attendees also said they expect greater transparency to avoid controversies such as the one that engulfed Vesttoo. They spoke with AM Best TV at Target Markets' 23rd Annual Summit, held in Scottsdale, Arizona.

View Full Best's Event Coverage of the TMPAA 23rd Annual Summit
 

Xceedance's Balakrishnan: Competitive Program Managers, MGAs Are Lean and Efficient

Arun Balakrishnan, CEO, Xceedance, said the market is teaching managing general agents to focus on their core capabilities and to work with providers to handle the rest.

 

Amwins' Armijo: MGAs Distinguish Themselves Through Underwriting Acumen, Profitability

Ryan Armijo, chief operating officer, underwriting, Amwins, said greater interest from traditional and fronting carriers is helping drive the growth of delegated underwriting authority enterprises.

 

Ethos' Greggains: As Market Struggles to Price Risk, More Business Moves to E&S

Nick Greggains, CEO, Ethos Specialty Insurance Services, said market trends favor continued growth for MGUs and a continued emphasis on good risk management.

 

Mission's Haga: Interest Growing in Smaller Classes Such as Allied Health, Construction

Caroline Haga, program capacity lead, Mission Underwriters, said sound underwriting is critical in the program space because underwriters earn their reputations.

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