Almost three in five (57%) of carriers are set to increase managing general agent capacity in the next two years, according to a new survey.
The latest Clyde & Co MGA Opinion Report also found that 46% of insurance carriers had increased capacity to MGAs in the past 12 months.
Produced in collaboration with the Managing General Agents’ Association to mark its annual conference today, it added nearly three-quarters (74%) had not reduced their deployment of capacity despite rising capital costs.
Specialty lines (29%), financial lines (20%) and property (17%) are among the top areas where carriers expect to provide capacity to MGAs in
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