Crux Risk Services approved as Lloyds Coverholder

Crux Risk Services approved as Lloyds Coverholder

A new Managing General Agent (MGA), Crux specialises in delegated authority underwriting in the Terrorism class. Launching with an initial line size of $100 million, Crux is anticipated to grow significantly over the coming months as other market participants are...
MGA Market Outlook 2024

MGA Market Outlook 2024

The delegated authority (DA) market is expected to expand further in 2024 with DA becoming an even more effective and relevant method of distribution that allows underwriters to access the expertise necessary to effectively expand their portfolios. In this vlog,...
Unlocking Delegated Authority Debt

Unlocking Delegated Authority Debt

Key Figures USD 10 million+ Total predicted debt locked in one leading managing agent’s systems due to data and credit control challenges.USD 2 millionThe largest single amount recovered from one of the MA’s accounts.52 Managing Agents at Lloyd’s that need to...
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...