In the latest episode of The Howden Re View podcast, leaders from Howden Capital Markets & Advisory discuss developments in the global Managing General Agent (MGA) market. Jarad Madea, CEO, Michael Forman, Co-Head North America, and Leo Beckham, Head of UK & Europe, provide their insights on trends shaping the sector.
The conversation covers continued mergers and acquisitions (M&A) activity within the MGA space. According to the speakers, MGAs are attracting investors who are looking for scale, diversification, and stable sources of revenue.
The episode also addresses how new capital structures such as sidecars, reciprocal exchanges, and Lloyd’s syndicates are giving MGAs broader access to funding and increasing their overall value.
"MGAs are driving structural change across insurance markets, supported by innovation, specialist talent and global capacity," said one of the hosts during the discussion.
They note that MGAs have become a significant part of the property and casualty (P&C) insurance value chain. Investor interest is expanding not only geographically but also across different areas of expertise within the sector.
The podcast highlights how innovation and specialized talent continue to support growth in this segment.