Lloyd’s, MGAs and a new risk based approach

Lloyd’s, MGAs and a new risk based approach

Binder/Managing General Agent (MGA) business has grown significantly in recent years and now makes up nearly 40% of Lloyd’s annual premium income, bringing with it materially higher acquisition costs and marginally lower administration costs. However, in spite of this...
What Lineslip issues have we seen?

What Lineslip issues have we seen?

In part 2, we examine the issues we have repeatedly seen, which are: Binding Authorities, Claims delegation, Lack of lead clarity, Hold-covered, No information for followers, Profit Commissions, policies or certificates not signed by Underwriters and Worldwide...