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The Managing General Agent (MGA) sector currently represents over 10% of the UK’s £47 billion general insurance market premiums, and is continuing to grow and develop.
Arc Legal works with a number of specialist MGAs, developing and delivering add-on Legal Expenses Insurance (LEI) products across the range of family, commercial, property owners and landlord and rent guarantee covers.
Commercial Development Manager, James Waddy, commented on the company’s growing book of MGA clients: “The MGA sector plays an important role in providing brokers with access to new markets for specialty and niche business and we are increasingly seeing MGAs looking to incorporate (LEI) and assistance products into their portfolios, rather than being marketed as add-ons by brokers.
“Our business model and experience in developing bespoke products and services ensures we can help MGAs enhance their offerings.”
Arc Legal is proud to be a member of the Managing General Agents’ Association which represents the interests of the UK MGA sector. Peter Staddon, the Association’s managing director, said: “MGAs are recognised for their innovation and expertise in many different specialist insurance markets. The fact that Arc Legal, itself an MGA, is responding to and helping to fuel this growth, is testament to the sector’s appetite for responsive and relevant coverage.”
For more information on our services for MGAs please contact your Account Manager.