The Managing General Agents’ Association (MGAA) has been enjoying rapid growth of late, welcoming new members and forging new partnerships – now it has added two more to that list.
Firstly, Addept Insurance Services has now become a member of the MGAA.
The company, which offers ancillary insurance services, is under the watchful eye of managing director Richard Finan (pictured above, left). He highlighted the importance of the firm’s hybrid operating model, which allows it to work with various partners across capacity, distribution and strategy. The company was founded in May 2024 by Finan, who was also a founder and former director of Arc Legal Assistance. The firm launched after the acquisition of Policywise Limited, a specialist independent insurance broking business, by Addept Group.
Mike Keating, chief executive officer of the MGAA, welcomed Addept into the association and encouraged it to actively participate as it looks to raise standards.
Meanwhile, Xceedance, a provider of technology, operations, and analytics solutions for the global insurance industry, has announced its sponsorship of the MGAA for 2025.
As a gold sponsor, Xceedance will take an active role in MGAA events and initiatives, offering expertise on topics such as digital transformation, data analytics, and innovation in the insurance market.
Amit Tiwari (pictured above, right), president of EMEA & APAC at Xceedance, stated that the MGAA plays a vital role and that he wants to see more knowledge sharing and the development of new solutions.
The announcements come shortly after the MGAA welcomed a new member in Earnix last month. The association also recently announced a bolstered partnership with BIBA and has shaken up its next gen committee with a new chair. The latter saw Jack Harding move into the role – he is a senior underwriter for Miramar Underwriting Limited – as it looks to bolsters its appeal to younger insurance professionals.
