The Managing General Agents’ Association (MGAA) has welcomed its 200th member, Signature Underwriting.
The milestone underscores the strength and ongoing expansion of the managing general agent (MGA) market in the UK, the association said in a news release.
Signature Underwriting specialises in taxi, courier, haulage, and commercial own goods insurance, and was established in 2013.
The MGAA has grown to encompass a membership that collectively controls over £7.3 billion of gross written premium since its inception in 2011. Alongside its 200 MGA members, the association comprises 56 market practitioners and 122 suppliers.
Commenting on the group’s latest milestone, CEO Mike Keating expressed his delight at welcoming Signature Underwriting on to their expansive member roster.
“Not only is this testament to our continued commitment to representing the interests of the MGA sector, it is also reflective of just how important MGAs have become in the wider insurance market,” said Keating. “We look forward to welcoming new members while we retain a laser focus on meeting all member needs.”
Kelly Sims, head of operations at Signature Underwriting, also shared her enthusiasm about joining the MGAA and expanding their presence within the MGA and broker communities.
“We feel that the association’s platform will give us a great opportunity to connect with brokers regarding our niche motor hire and reward insurance product offering,” said Sims. “The additional benefits of high-quality training and development opportunities for our employees, as well as the ability to attend the annual conference, made this decision an easy one for us.
“As a small team, one of the greatest challenges is having people away from the office for large periods of time to attend training sessions. The fact that the MGAA have many of these available online means that it suits our working practices and enables us to get the most out of our membership.”
Earlier this month, the MGAA named Jade Wilcox, director of delegated authority for HDI in the UK, as the latest addition to its board.
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