by Karen Wepener | Jul 4, 2023 | Press Release
According to a recent report by Insurance Times, 94% of brokers surveyed consider MGAs to be a viable alternative to larger insurers*. While some industry observers suggest that the growth of MGAs poses a threat to traditional insurers, but it must be remembered that...
by Karen Wepener | May 17, 2023 | Press Release
Neil Evans, MD of BluNiche, the third MGA launched by NuVenture, revisits and assesses his experience with NuVenture to date: Why choose to start an MGA? I knew Andy [Colbran] from previous roles, and he’d mentioned the possibility to me a few times but I’d always...
by Karen Wepener | Apr 20, 2023 | Press Release, Uncategorized
The Potential for Growth The MGA market is showing promise, remaining buoyant despite capacity restraints in a hard market. In fact, MGA premiums worldwide reached a record $60bm (£53bn) in 2021, up from $51bn (£45bn) the year before [1], whilst “revenues earned...
by Karen Wepener | Feb 20, 2023 | Press Release
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...
by Karen Wepener | Jan 24, 2023 | Press Release
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...
by Karen Wepener | Nov 21, 2022 | Press Release
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...
