ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announced, in line with its goal of significantly expanding its presence in the MGA market, it will serve as a gold sponsor of the Managing General Agents’ Association (MGAA), a U.K. based not-for-profit organisation dedicated to representing true MGAs.
Chris Lee-Smith, global head of alternative distribution, Argo Group said: “Innovative MGAs are a driver of change and a key growth area for 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.
Charles Manchester, chairman, Managing General Agents’ Association, said: “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.”
ArgoGlobal is the trading brand of Syndicate 1200 at Lloyd’s, managed by Argo Managing Agency Ltd. The Syndicate offers worldwide property, aerospace, marine, energy, specialty and non-U.S. liability insurance. Market leading expertise, knowledge, an innovative approach and focus on its customers, together with the substantial resources, financial strength and international scope of the Argo Group, support ArgoGlobal’s position as a leading player in the Lloyd’s Market. For more information, visit www.argo-global.com.
ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD
Argo Group International Holdings, Ltd. (NASDAQ: AGII), is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Through its operating subsidiaries, Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Argo Group’s worldwide insurance subsidiaries are rated ‘A’ (Excellent) by A.M. Best with a stable outlook and its U.S. insurance subsidiaries are rated ‘A-’ (Strong) by Standard & Poor’s with a stable outlook. For more information, visit www.argolimited.com.
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