The Canadian Association of Managing General Agents (CAMGA) has announced that Accelerant Holdings has become the association’s latest Gold Sponsor.
Accelerant is an insurance platform that empowers MGAs to serve small and medium enterprises more efficiently. It offers access to a full-service risk exchange that supports its member MGAs that serve SMEs, with a particular emphasis on P&C insurance. Accelerant has an AM Best rating of ‘A-’ (Excellent).
“CAMGA members are very pleased that yet another international player in the MGA sector recognizes the vibrant and maturing nature of the Canadian marketplace for specialty insurance,” said CAMGA managing director Steve Masnyk. “Their sponsorship is testament and validation of the goals CAMGA is working diligently to achieve; building structure and professionalism within the MGA marketplace in Canada.”
“Since the outset, we've maintained a strong focus on providing best-in-class MGAs with a low stress, high-value relationship that delivers predictable, long-term capacity and a responsive, collaborative approach,” said Accelerant co-founder and head of distribution Chris Lee-Smith. “The opportunity in the Canadian market is as great as it is in the US and European markets, and we're excited to forge mutually beneficial relationships with Canadian MGA members; and provide an alternative to the conflicts, bureaucracy and short-term commitments inherent with traditional capacity solutions.”
Masnyk added that MGA underwriters fill an invaluable role within the insurance chain, and provide brokers and their clients more choice when it comes to more complex and harder-to-place risks.
“CAMGA members are looking for reliable capacity because the need for their expertise is highly sought after, Accelerant Holdings is an additional trusted partner to MGAs in meeting their customers' needs,” the executive director stated.
Last month, CAMGA also welcomed SCM Insurance Services as a Gold Sponsor of the association. SCM’s investment will contribute to the association’s efforts, particularly the latter’s educational, regulatory, best practises, and business efficiency initiatives.
