Summit attendees also said they expect greater transparency to avoid controversies such as the one that engulfed Vesttoo. They spoke with AM Best TV at Target Markets' 23rd Annual Summit, held in Scottsdale, Arizona.
Oct. 19, 2023
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Spencer Foundation's Nomvete: 42 Insurance Job Openings for Each Qualified Candidate
Zurich NA's Whitney: New Capital, New Risks Drive MGA Market Growth
HDI Global Specialty's von Boehmer: Carriers Have Resources to Support MGAs
Amwins' Armijo: MGAs Distinguish Themselves Through Underwriting Acumen, Profitability
Amwins' Francavilla: Program Growth Strong, but Beware of 'Buyer Fatigue'
Federato's Ross and Egliht: AI Is Moving From Risk Classification to Task Enablement
SiriusPoint's Charles: Giving Away the Pen Means Due Diligence Is Crucial
Xceedance's MacMillian: AI Helps Rebalance Underwriters' Information Workload
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Allied World's Walloga: 'Bleisure' Is Next Travel Coverage Opportunity
Clear Blue's Breslin: Lines Are Blurring Between Fronting, Traditional Program Carriers
BMS' Bohan and Speckman: New MGAs Need a Good Foundation, Unique Story, Profitability
Munich Re's Johnson: Casualty Issues a Growing Concern
Target Market Attendees See No Letdown in MGA Acquisition Activity
Gallagher's Rogers: Insurers Must Understand Customer Value To Succeed
Axis Capital’s Galanski: MGA Sector Is Becoming a Capital Magnet
Hudson's Gallagher: Specialty Writers Need Specialty Teams
Hanover's Dougherty and Barrett: Reaching the Market for Smaller Firms Takes a Broader Approach
American Specialty's Batt: Las Vegas' Sphere, Pickleball Exemplify Innovation
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Xceedance's Balakrishnan: Competitive Program Managers, MGAs Are Lean and Efficient
Everspan's Dresner: Program Sector's Growth Likely to Result in More Consolidation
Arden's Cohen: Higher Interest Rates Are Likely to Prolong the Hard Market
Beazley's Hardy: Rising Cat Losses Are Driving Coverage Into Non-Admitted Market
Zywave's Hamilton: MGAs Help Meet Coverage Challenges in Florida, California
Euclid's Colis: Today's Market Is Tight, but Not Across All Lines
Crum & Forster's Kaplan: Transportation, Delivery Networks Are Becoming More Mature Risks
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