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 | Jun 28, 2022 | Press Release
In his article in Insurance Day back in February, NuVenture CEO Andy Colbran argued that the lure of building an MGA is higher than ever. And – judging by the conversations we’re having – it looks as though MGAs continue to appeal, despite some tough market...
