The Canadian Association of Managing General Agents (CAMGA) is introducing a national directory of its member MGAs for brokers to use.
CAMGA members and their products and/or services will be listed on the new Bridge-MGA directory, which will serve as a “one stop shop” for brokers, the association said. Members can also change their directory entry to update their offerings as needed.
“Brokers have been searching for additional markets during the past little while, and MGAs are providing that additional capacity” said CAMGA managing director Steve Masnyk. “Bridge-MGA offers brokers close to 40 markets for them to place their clients’ needs with; I have been receiving calls daily from brokers asking which MGAs are writing what products.”
In a statement, CAMGA noted that the current hard market and the pandemic is making it more difficult to find appropriate and affordable policies for niche risks and non-standard exposures. However, MGAs can help brokers and their clients with their specific insurance needs amid the challenges.
CAMGA also said that brokers can rest easy whenever they do business with a member, as all CAMGA members have subscribed to a Code of Ethics and abide by best practices.
Read more: CAMGA unveils code of ethics for member MGAs
The trade association stated that its members account for roughly 75% of all MGAs in Canada, and that Bridge-MGA will continue to grow as more MGAs join and provide their listings on the directory.
Bridge-MGA can be accessed on CAMGA’s website, and is now open for yearly subscriptions.
