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MGAs break free from the market cycle as new forces reshape the model
PE, more alignment and tech are uncoupling MGAs from traditional market swings.
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Mark Wood chairs Howden Asia Pacific and Howden Private Wealth, and is deputy chair of UK&I. -
Plus, the latest people moves and all the top news of the week.
Latest News
Latest news
A roundup of all the news you need, including Amwins’ State of the Market report for 2026.
The group aims for earnings per share growth of more than 8%.
Approached for comment, Chubb denies that it submitted “an offer” for AIG.
The carrier said it will leverage its strong position in the ongoing favourable environment.
Opinion
Featured and most read
Featured and most read
Featured
2025 in review: Five of the most interesting charts of the year
A look back at the year in (re)insurance, with the aid of some of our visual journalism.
Most read
Analysis
Analysis
Beazley, Hiscox and Lancashire executives spoke 12k words on average in 2025 earnings calls.
The argument for buyers to purchase cyber has never been stronger, yet growth is still lagging.
Expectations that reductions would cap out at low double digits are fading due to capacity oversupply.
All-risks premium increases are now understood to be in the 15% to 20% range.
Interviews
Interviews
The syndicate will be managed by Polo Managing Agency.
The CEO conceded some might see Swiss Re’s dividend targets for 2026 as “underwhelming”.
One critical sticking point for Lloyd’s is the true alignment of interest with the market.
The reinsurer is offering pricing incentives to members to reintegrate cover.
Behind the Headlines
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Get the inside scoop on the major stories shaping the London market through discussions with the journalists who broke them. Plus, hear from industry professionals on what these developments mean for the (re)insurance sector.
IoA
Insider on Air
In Partnership with
AXIS
Michael McKenna, Head of North America Specialty Insurance, AXIS, outlines the key trends shaping the industry as 2025 comes to a close and underscores that talent acquisition and rapid technology integration will be critical for specialty insurance in 2026.
In Partnership with
AXIS
Looking ahead to 2026, Michael Silas, Head of Global Credit, AXIS, sees mildly positive global growth driven by tech and infrastructure, but says credit sentiment remains cautious and reinsurers must still price to long‑term tail risk.
In Partnership with
Apollo
With real-time data and analytical tools giving underwriters a clear view of pricing adequacy, mix and attachment points, and allowing faster corrective action when rates fall below acceptable thresholds, insurers are shifting into a new paradigm for soft markets, said James Slaughter, Group CUO, Apollo, during an interview at the Insurance Insider’s London Market Conference.
In Partnership with
Fidelis Partnership
Insurers can turn the global energy transition into both a commercial opportunity and a force for societal good, said Charlie Heathcote, Head of Sustainability, the Fidelis Partnership, during an interview at the Insurance Insider’s London Market Conference
In Partnership with
Recorder
Allowing insurers to receive real-time data from MGAs could eliminate the need for monthly bordereaux reporting, said Matt Hicks, Co-founder, Recorder, during an interview at the Insurance Insider’s London Market Conference.
In Partnership with
AXIS
Being able to make use of innovative AI features relies on having structured, organised and logical data.
AI and precise data can enable insurers to innovate policy durations, from annual to transaction-specific, offering more tailored coverage options, said Christina Lucas, Global Market Leader, Insurance, Google Cloud, during an interview at the PwC Insurance Summit.
Pushing 1 January renewals late in the season can undermine outcomes, said Maamoun Rajeh, President, Arch Capital Group. During an interview at the PwC Insurance Summit, Rajeh called for a bifurcated market approach combining strategic partnerships and a collaborative price discovery process months before renewals.
During an interview at the PwC Insurance Summit, SiriusPoint CEO Scott Egan highlighted the danger of pricing cycles. As pressure mounts after a quiet cat quarter, he urged reinsurers not to create pricing cycles by chasing volume at the expense of long-term industry attractiveness and risk adequacy.
In Partnership With
PwC
PwC Partner Matt Britten predicts a wave of dealmaking in 2026, driven by diversified third-party capital from hedge funds, private equity and more. With reinsurers seeking growth and new asset classes emerging, the market is set for increased activity and innovation, he said during an interview at PwC's Insurance Summit.
From our other titles
From our other titles
From Insurance Insider US
9M commercial lines data: Taking one step forward and two steps back
MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
From Insurance Insider ILS
King Ridge Capital’s ‘dance card is booked’ after EU cat bond ETF listings
Inflation indices fell in April, but some items related to P&C are still elevated.
From Insurance Insider US
Best P&C industry results for nine months mask divergent trends
A large number of new entrants and the growth of litigation finance challenge E&S enthusiasm.
From Insurance Insider ILS
Swiss Re nat-cat exposure growth ‘supported’ by third-party capital
The P&C industry reported its best Q2 combined ratio since 2021, but was still a loss-making underwriting result.
