MGAs could face tough conditions ‘for another 2-3 years’: Alesco
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MGAs could face tough conditions ‘for another 2-3 years’: Alesco

Market conditions in the London delegated authority market are likely to stay challenging for MGAs for the foreseeable future, however 2021 could prove to be a pivotal year for the profitability of delegated authority books, according to Alesco.

The London delegated authority market has seen available capacity contract sharply following more than two years of remediation, leaving some binders non-renewed and some coverholders having to commit to more restrictive terms.

MGAs

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