COVID-19

Covid-19 compounded MGA challenges obtaining capacity

Obtaining MGA capacity has become increasingly difficult during the Covid-19 pandemic with hard market conditions compounding the challenge, delegates heard at this year’s Managing General Agents’ Association conference in London.

Craving contact in a people business

There is no denying that the program sector has continued to be vibrant and dynamic in 2020, despite the impact of Covid-19. But in a market that thrives on relationships, the craving for contact is palpable.

BMS’s Chandler calls for consistency on communicable disease exclusions

The industry needs to work together to improve communicable disease exclusions resulting from Covid-19, according to BMS’s Pete Chandler, who also identified a robust increase in opportunities in the program administration space.

Carriers and reinsurers wary about new programs in MGA space

BMS has reported that Covid-19 is making carriers and reinsurers circumspect about taking on new programs while MGAs are seeing a lag in business activity because of the outbreak.

US program sector event Target Markets cancels mid-year gathering

Target Markets Program Administrators Association (TMPAA) has followed RIMS in cancelling its mid-year meeting in early May in response to the deepening Coronavirus crisis.