Within the head-to-head Fronting Insurers Vs Conventional Insurers session on the Managing Common Brokers Affiliation convention final week, Martyn Glover, associate at Gallagher Re, acknowledged MGAs want certainty of capability.
He claimed it’s not good enterprise sense for an MGA to agree a binder or cowl holder settlement and “instantly begin worrying concerning the renewal the subsequent yr”.
Glover instructed the room: “If the insurer may give long run capability, that’s nice, nonetheless there have been conditions with sure European (re)insurers the place [senior managers] change pretty often.
“So that you then fear that in two years time you’ll get off the bed, and discover that the administration workforce has modified [and what does meaning
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