Managing General Agents
At Browne Jacobson we have in-depth knowledge and experience of the insurance intermediary sector. We combine that knowledge and experience with our leading full-service commercial practice to provide a seamless, joined-up service to our Managing General Agent clients.
We understand the regulatory considerations that apply to everything you do as an MGA, from your senior managers’ employment contracts to your binders, TOBAs and other distribution documents.
Drawing from one of the most highly-respected Insurance practices in the UK, we have significant experience advising on the contractual arrangements that are essential to the distribution of regulated products, including binders, insurer TOBAs, broker and customer TOBAs, TPA agreements and agreements with software providers.
We’re particularly well-known for our work and high volume of activity in the insurance intermediary M&A space. We have advised on dozens of intermediary acquisitions and disposals in the past few years, ranging from large, multi-party deals to small book purchases. We have particular expertise in compliance diligence and change of control issues.
Most importantly, as associate members of the Managing General Agents Association, we work closely with a large number of MGAs and stay on top of the latest developments. This has established our strong reputation as a trusted advisor to clients ranging from large international MGAs to smaller businesses and startups, some of whom instruct us as their remote ‘in house’ counsel through our innovative instant in-house product.
Advising insurers in circumstances where dishonesty is suspected on the application of the dishonesty exclusion.
Claim defence and coverage advice
Providing claim defence and coverage advice to MGAs and their capacity providers.
Claims audit on behalf of a capacity provider
Conducting a claims audit on behalf of a capacity provider to report on an MGA’s compliance with its agency agreement and the general management of its claims function.
Considering the scope of an insuring clause
Considering the scope of an insuring clause to determine whether the policy should respond.
What others say...
"Specialised knowledge in niche field of work."
"An extremely client focused and committed team with deep knowledge of its clients."
"The lawyers provide professional and timely advice on all queries with excellent understanding of insurance."