Finding Niches: Reinsurance MGAs Carving Out Special Market Slices
Reinsurance managing general agents are a rare breed as opposed to their more prevalent insurance-focused counterparts. The successful reinsurance MGAs have a niche, a focus. What they have in common is they are not commodity players. They aim to bring something unique to their ceding company clients—whether it be in the form of geography, data analytics or product specialty.
Carrier Management has interviewed three reinsurance MGAs, which are companies that have been granted delegated reinsurance underwriting authority. Each MGA has its own specialty—one is focused on treaty and facultative reinsurance (Tempo Underwriting); another reinsures cyber risks (Envelop Risk); and a third offers parametric reinsurance in addition to parametric insurance (New Paradigm). These articles follow here:
- Reinsurance Experience in Africa, Asia Sets MGA Tempo Underwriting Apart
- Envelop Risk Paves the Way as Insurtech Reinsurance MGA
- MGA New Paradigm Aims to Bridge the Natural Catastrophe Protection Gap
This series of articles first was published in Insurance Journal’s sister publication, Carrier Management.
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