AM Best to Exhibit at the Managing General Agents' Association's Annual Conference
LONDON--(BUSINESS WIRE)-- AM Best will exhibit at the Managing General Agents' Association's (MGAA) annual conference, which will take place 3 July 2025 at Old Billingsgate in London.
During the full-day event, AM Best representatives will be available to discuss its Performance Assessments for Delegated Underwriting Authority Enterprises (DUAE). This industry-first tool provides a framework for differentiating among DUAEs, which is a blanket term to capture managing general agents (MGA), coverholders and other similar entities. A Performance Assessment helps insurers make more-informed decisions when choosing underwriting partners.
William Mills, senior director, market development, EMEA and Roisin Gallagher, associate director, market development will attend the event. Delegates interested in meeting with AM Best to understand more about its rating and assessment services, as well as its research and insurance insights, can schedule a meeting by contacting Charlotte Shoesmith at charlotte.shoesmith@ambest.com.
The MGAA is a trade organisation that represents the interests of its U.K.-based MGA members. For more information about the MGAA's 2025 conference, which is themed as 'Navigating a Bright Future,' please visit here.
For additional information on Best's Performance Assessments for DUAEs, please click here.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 hours ago
- Yahoo
AM Best Assigns Performance Assessment to Dynamic Reinsurance LLC
OLDWICK, N.J., June 30, 2025--(BUSINESS WIRE)--AM Best has assigned a Performance Assessment of PA-2 (Excellent) to Dynamic Reinsurance LLC (Dynamic Re) (Miami, Florida). The outlook assigned to the Performance Assessment (assessment) is stable. The assessment reflects Dynamic Re's strong underwriting capabilities, excellent governance and internal controls, strong financial condition, excellent organizational talent and strong depth and breadth of relationships. Dynamic Re operates as an underwriting agency providing comprehensive reinsurance solutions across multiple lines of business, including property, casualty, financial lines, marine cargo and engineering risks, primarily in Latin America, Europe and the Middle East and North Africa (MENA) region. The company's underwriting capability is supported by structured contractual arrangements with highly rated reinsurance partners, underpinned by the effective use of advanced analytics and integrated third-party administrator (TPA) platforms. However, the underwriting performance has exhibited volatility driven by catastrophe exposures, which is considered as a limiting factor. AM Best considers Dynamic Re's governance and internal controls to be excellent given strong internal controls and clearly structured commission arrangements with carrier partners and TPAs. The company implements comprehensive operational policies, including formal business continuity and disaster recovery frameworks, ensuring alignment of interests among stakeholders and strong risk mitigation capabilities. Dynamic Re's financial condition is assessed as strong, supported by a track record of consistent profitability since inception, primarily driven by stable base and profit commission structures. While recent strategic growth initiatives have resulted in an imbalance between expense and revenue growth, these investments are intended to support longer-term scalability and operational maturity. AM Best's assessment of Dynamic Re's organizational talent is assessed as excellent, marked by significant industry experience across executive leadership and key underwriting personnel. Dynamic Re's organizational structure reflects a well-defined delegation of roles across underwriting, risk, claims and actuarial functions, which has facilitated controlled expansion while maintaining operational discipline across geographies and business lines. This structure is further supported by shared services provided by Blue Capital (Coral Ventures Group), enhancing centralized oversight in finance, legal, human resources and marketing. Dynamic Re's depth and breadth of relationships is considered strong, supported by established partnerships with reputable capacity providers across multiple jurisdictions. The company has demonstrated the ability to cultivate and sustain relationships with highly rated reinsurers and regional distribution networks, particularly in Latin America. While the business is well-diversified within that region, its current concentration results in a limited geographic footprint at this stage of development. This press release relates to Performance Assessments that have been published on AM Best's website. For all information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the Performance Assessments referenced in this release, please see AM Best's website. For additional information regarding the use and limitations of Performance Assessments, please view Guide to Best's Performance Assessments for Delegated Underwriting Authority Enterprises. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Michael Vallario Financial Analyst +1 908 882 2408 Edin Imsirovic Director +1 908 882 1903 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318
Associated Press
17 hours ago
- Associated Press
Most Popular Best's Review Articles Cover FAIR Plans and More
OLDWICK, N.J.--(BUSINESS WIRE)--Jun 30, 2025-- In the past 30 days, Best's Review readers have been most interested in the following insurance news coverage: Best's Review is AM Best's monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. Access it here. For Best's Review advertising opportunities and media kit, visit our AM Best Advertising Services © 2025 by A.M. Best Company, its affiliates. ALL RIGHTS RESERVED. View source version on CONTACT: Patricia Vowinkel Executive Editor, Best's Review [email protected] KEYWORD: EUROPE UNITED STATES NORTH AMERICA NEW YORK NEW JERSEY INDUSTRY KEYWORD: PROFESSIONAL SERVICES COMMUNICATIONS OTHER PROFESSIONAL SERVICES INSURANCE FINANCE OTHER COMMUNICATIONS PUBLISHING SOURCE: AM Best Copyright Business Wire 2025. PUB: 06/30/2025 10:17 AM/DISC: 06/30/2025 10:17 AM
Business Wire
17 hours ago
- Business Wire
Most Popular Best's Review Articles Cover FAIR Plans and More
OLDWICK, N.J.--(BUSINESS WIRE)--In the past 30 days, Best's Review readers have been most interested in the following insurance news coverage: ' The Last Resort: As Private Insurers Exit High-Risk Areas, FAIR Plans Find Competitive Foothold ' reports how homeowners are turning to the residual market because of the decline in availability of coverage, even though FAIR Plan policies may cost more and offer less coverage. ' Parametric Plan for High-Risk Regions Wins AM Best 2025 Student Challenge ' presents the two students' competition-winning solution that would provide coverage to underserved markets. ' Insurance Industry Embraces AI Innovation as Technology Advances 'Exponentially' ' looks at how insurers have welcomed artificial intelligence to help customers and better understand risk. ' Nevada Considers FAIR Plan, Other Options To Tackle Insurability Issues ' describes the state's proposal for a FAIR Plan as well as a 'sandbox' for insurers to try out products that might not fully comply with current regulations. Best's Review is AM Best's monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. Access it here. For Best's Review advertising opportunities and media kit, visit our AM Best Advertising Services page. Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates.
