ArgoGlobal targets expansion in European MGA market

ArgoGlobal has announced that it will serve as a gold sponsor of the Managing General Agents’ Association (MGAA), as it looks to grow its MGA network particularly in SME and niche specialty sectors.

The Lloyd's insurer and member of Argo Group said that the move is in line with its goal of significantly expand its presence in the MGA market.

"Innovative MGAs are a driver of change and a key growth area for Argo Group," said Chris Lee-Smith, global head of alternative distribution, Argo Group. "Digital capabilities are a clear differentiator and facilitator of expansion for businesses in this sector, and an area in which ArgoGlobal has invested heavily. Developing our MGA partner network is a central pillar in our growth strategy.

"While we are not alone in this ambition, our digital, analytical, actuarial and modelling capabilities combined with our European platforms makes us a particularly compelling proposition for ambitious MGAs. We are looking to grow our MGA network particularly in SME and niche specialty sectors."

As part of the year-long sponsorship, ArgoGlobal will participate in the association’s industry events, beginning with the annual MGAA Capacity and Conference Exchange in July.

The MGAA is a UK based not-for-profit organisation.

Charles Manchester, chairman of MGAA, commented: "ArgoGlobal’s investment in the future development of the Association supports our strategy to promote a greater understanding about the role of MGAs, increase the trading and business opportunities for our members, and drive best practice and education in the sector. This commitment reflects the continuing success and relevance of the sector to capacity providers. We are delighted to be working with ArgoGlobal to shape the future of the MGA sector."

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