Listen to our new podcast, the Howden Re View
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Howden Re is pleased to launch our new podcast the Howden Re View on Spotify.
Over the course of this season, our experts from Howden Re, Bowood, and Howden Capital Markets & Advisory (HCMA) will be discussing global MGA landscapes and market trends.
In our first episode, The MGA is here to stay, Matt Beard, Co-President of Global Programs, Howden Re, Michael Jameson, Co-President of Global Programs, Howden Re, and Nicholas Harrap, Managing Director, UK Programs, Bowood sit down to discuss the evolution of the MGA market and Howden’s role in the space.
In this episode, we discuss:
- The evolution of MGAs – how they’ve transformed from simple distribution platforms to sophisticated underwriting operations
- The unique capabilities Howden leverages to provide global coverage alongside Bowood and HCMA
- End to end advisory placement services that analyse future trends
- Continued growth of alternative capital and increased MGA use in risk management
Matt Beard, Co-President of Global Programs commented: “Expertise in the program space is an important pillar of our global offering; you know that’s not going away. This is not a short-term investment for us or for Howden. We think this industry is going to continue to be a massive part of the insurance world and it’s something that we take a lot of pride in.”
Michael Jameson, Co-President of Global Programs commented: “The MGA space has become a lot more sophisticated over the last couple of years. Initially, it was known as more of a distribution platform which has now evolved into a pure ready-made underwriting platform that can handle everything from the distribution to accounting and processes, as well as the handling of monies and flow of funds to having their own TPAs for claims or the ability to access TPAs.”
Nicholas Harrap, Managing Director, UK Programs, Bowood commented: “The Bowood book of business is the largest of every single carrier in London and it’s the best business. It’s the best business not just form the point of view that the MGA is good, it’s well managed, it’s well looked after, the presentations, the accounting, everything is incredibly slick and well managed and that gives us great weight as well.”