Delegated authority arrangements—particularly prevalent in the UK and London markets—allow insurers to outsource underwriting, claims, or policy administration to third parties such as MGAs and coverholders while retaining overall responsibility. Insurance professionals must negotiate clear contracts, authority limits, and remuneration structures, implement robust oversight and audit regimes, and satisfy regulatory and Lloyd’s requirements around governance, conduct risk, data quality, and reporting to ensure that delegated partners act as effective extensions of the insurer.
Two distribution hires signal Bspoke's intent to simplify how brokers trade across a multi-MGA group
The H1 headline flatters the picture - Q2 cat losses more than doubled, and the prior year development tailwind cannot be assumed for the second half
US$30 million per-risk capacity and tenors to 15 years target a corner of the London market where supply has lagged institutional demand
MGAA CEO Michael Keating on why growth alone is no longer the story, and how technology, talent and a maturing FCA relationship are reshaping what sustainable success looks like
It’s a big remit for someone with an unusual pedigree
