Comment
The great migration
Plenty has been written in recent years about the threat to the wider P&C insurance industry posed by a finite talent pool and a succession void as the ageing demographics of its senior ranks outpace the flow of human capital in the tiers below.
Capacity crunch
It was at the Wholesale & Specialty Insurance Association (WSIA)’s Annual Marketplace 2021 in San Diego back in November that the extent of carrier retrenchment from supporting cat-focused property MGAs became clear.
New frontiers
In a short month that has already seen the publication of our relaunch issue of Program Manager, we might have been forgiven if our official February issue was a little thin on the ground.
The structural shift
Despite AM Best’s pitch that its now officially launched Best’s PA will bring transparency to the delegated underwriting authority sector, the word is not one readily associated with the programs space that MGAs, MGUs and program administrators occupy.
Letter from Target Markets: back to deal-making
Two years is a long time in the program market. And last week’s long-anticipated return of the Target Markets Program Administrators Association Summit brought a record attendance as well over 900 delegates descended on Scottsdale, Arizona thirsty for a return to large-scale face-to-face interaction.
Driving value in the $100mn MGA/programs market
Another month has passed in the programs sector and there appears to be no let-up in activity as buoyant conditions continue to drive new program partnerships, growth investments and M&A.
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.