Establishing an MGA: What do you need to know?

Establishing an MGA: What do you need to know?

Establishing an MGA: What do you need to know? Back in September 2020, NuVenture entered the market aiming to help frustrated underwriters realise their ambitions in building an MGA. Since then, we’ve seen around 75 MGA opportunities at all stages of development. From...
MGAs: A Growing Sector

MGAs: A Growing Sector

MGAs: A Growing Sector The start of a new year is a good time to take stock, and gain momentum for progress in the year ahead. At NuVenture, we’re excited about the potential for MGA growth in the global insurance space. The Potential for MGA Growth The UK MGAA...
No “I” in “Team”: Working with MGAs

No “I” in “Team”: Working with MGAs

No "I" in "Team": MGAs and their Crucial Role in the Market Those unfamiliar with the insurance market may struggle to get their head around MGAs. Are they not simply insurers by proxy? What value do they add? But – for those in the know – MGAs represent the potential...

Anti-Modern Slavery & Human Trafficking Policy

Anti-Modern Slavery & Human Trafficking Policy 1. Introduction NuVenture International Ltd (“NuVenture”) is committed to conducting its business with the highest level of legal, professional, and ethical standards, in compliance with Applicable Laws and based on a...
What is an MGA? What do they do?

What is an MGA? What do they do?

MGAs 1.01 What is an MGA? What do they do? A managing general agent, or “MGA”, is an insurance business that has delegated authority on behalf of insurers to write business on their behalf.  Put simply, MGAs are given access to a pool of money (“capacity”) by insurers...