Insurance Business UK (IBUK) has announced the results of its Brokers on MGAs 2024 survey, identifying standout managing general agents (MGAs) as rated by retail brokers nationwide.
The survey asked brokers to evaluate the performance and service quality of their MGA partners on a scale of 1 (poor) to 5 (excellent), across 10 categories:
MGAs that scored an average of four or above in at least one category received a 5-Star designation. Those that achieved an average score of four or higher across all categories were recognised as All-Stars.
Brokers also ranked their top three MGAs across 16 insurance categories, with the survey awarding gold, silver, and bronze medals to the highest-ranked MGAs. Additionally, the top three insurance products were given the Brokers’ Pick medal.
Renovation Underwriting Limited (RU) emerged among the survey’s recognised MGAs.
Founded in 2018, RU originated from the retail broking firm Renovation Insurance Brokers (RIB), which was established in 2010. The team noted a lack of quality renovation insurance products and thus focused on meeting this market demand.
RU provides insurance and consultancy services for high-value residential and commercial renovation projects. Its renovation policies are available through brokers nationwide.
Learn more about RU and see the rest of the list of 2024 winners by reading the IBUK Brokers on MGAs 2024 special report.
