Comment
Growth, growth and more growth
Far from a summer lull, the last few weeks have seen a surge in activity spanning fundraising, M&A, program launches and platform building in the US program sector.
The US program sector – a growth story
For those of you new to Program Manager, or to our parent title The Insurer, we launched a new platform in the midst of the pandemic restrictions called The Insurer TV.
Platforms for growth
New turnkey MGA platforms are emerging in the program sector looking to provide a home for underwriting teams and seek growth opportunities in a burgeoning marketplace…
Performance assessments: catalyst for further change?
There are less than two weeks before the 3 May deadline for feedback on the methodology that will drive Best’s Performance Assessment for MGAs, MGUs, program administrators and other delegated underwriting authority enterprises (DUAEs).
Under the ratings agency spotlight
News this week that AM Best is introducing performance assessments – or Best’s PA – for MGAs, MGUs, program administrators and other so-called delegated underwriting authority enterprises (DUAEs) is likely to meet with a mixed response in the programs sector.
Fertile ground in the program sector draws fresh interest
Opportunities to access specialty insurance business and potential fee income continue to attract the attention of capacity providers to the US program sector.
The MGA-carrier hybrid strategy
News this morning that Ambac has agreed a deal to buy MGU Xchange as part of its two-pillar fee-business and carrier platform strategy is the latest example of evolution in the US program sector as distribution players look to access stable sources of capacity.
Craving contact in a people business
There is no denying that the program sector has continued to be vibrant and dynamic in 2020, despite the impact of Covid-19. But in a market that thrives on relationships, the craving for contact is palpable.
European giants look to seize US commercial risk opportunity
One of the most noteworthy aspects of Munich Re’s investor day commentary this week was the decision to further shift its business mix towards primary specialty growth.
E&S drive continues
With the US Q3 reporting season now at an end, pricing conditions in the booming E&S market were a regular topic of discussion on earnings calls with management.
Access all areas
In a “normal” year it’d be about this time we’d be finalizing our schedules, putting the slacks and sports jackets into the cleaners and prepping up for Target Markets.