Skip to main content
All Posts By

ldoherty

MGAA outlines strategic vision for 2025

  • Networking and education: The association aims to enhance opportunities for industry engagement through dedicated forums, events, and training initiatives, supported by the appointment of a learning and development manager.
  • High-level advocacy: The MGAA plans to expand its influence on regulatory issues and market challenges, ensuring MGAs’ voices are heard on critical industry matters.
  • Data-driven insights: Strengthening its role as a central source of market intelligence, the MGAA aspires to become the leading aggregator of trends and statistics within the sector.

A key component of this strategy is the MGAA Next Gen Committee, which seeks to nurture young professionals within the MGA sector. The committee focuses on talent development through training, networking events, and contributions to wider MGAA initiatives, and announced a new chair at the end of January.

Source

Legal & General to sell US arm

L&G US insurance unit sale

According to Bloomberg, Meiji Yasuda will acquire full ownership of L&G’s US protection business while also securing a 20% economic stake in its US PRT unit. Additionally, the Japanese insurer will purchase a 5% equity stake in L&G. The transaction is expected to close by the end of 2025, pending regulatory approvals.

Source

Krispy Kreme owner swoops for insurance firm

Over the next decade, it invested billions in various sectors, including coffee, quick-service restaurants, fragrances and veterinary services, prioritising industries with stable demand. However, after reassessing the returns on those acquisitions, the company shifted its focus to insurance.

Source

Revealed – impact of Storm Eowyn on agriculture sector

Damage to farm buildings was also widespread, particularly to roofs constructed from fibre cement or galvanized steel sheets. Roof debris caused further damage to nearby structures and machinery, while holes in roofs left storage facilities exposed to water ingress, affecting cattle feed, fertilizer and hay. In some cases, asbestos sheeting contaminated animal feed, requiring entire stores to be disposed of.

Source

WTW to shift focus after smashing targets

“WTW delivered a strong second quarter, generating significant EPS growth and margin expansion through robust organic growth, operating efficiency, and the continued execution of our transformation program,” said Carl Hess, CEO of WTW, in an earlier statement on the company’s long-term financial strategy.

Source

Allianz Trade delivers verdict on UK economic policy

“A full-blown trade war is a major concern: the resulting loss of economic activity and the return of inflationary pressures would likely undermine investor confidence, keeping them in a prolonged ‘wait and see’ mode,” said Ana Boata, head of economic research at Allianz Trade. “At the same time, increasing polarisation, already evident in many countries, imposes significant economic costs while intensifying social divisions.”

Source

contact us