Reinsurers are getting smart to the ‘tricks’ of some MGAs: Liberty GTS’s Bamford
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Reinsurers are getting smart to the ‘tricks’ of some MGAs: Liberty GTS’s Bamford

He expects the operational hygiene of MGAs to be tightened soon.

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Some MGAs in the transactional liability (TL) market are collecting substantial underwriting fees that effectively redirect premium income from reinsurers to themselves – a practice that reinsurers are increasingly recognising, according to Liberty global transaction solutions president Rowan Bamford.

“They're...

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