Specialist risk, underwriting & market insight
Restrictive covenants are routinely filed as boilerplate in UK MGA deals, yet they are among the few instruments that give goodwill a legal edge. This article sets out an underwriting framework for pricing non-compete, non-solicit and confidentiality clauses at their enforceability discount rather than their face value.
A UK MGA may own the binder, the underwriting rules and the claims process, yet still depend on broker relationships it does not control. This article sets out a practical underwriting approach to distribution access, broker concentration and the risk that the book follows the individual rather than the capacity agreement.
Capacity agreements are usually priced on commission, loss ratio and delegated authority. The exit notice clause is often treated as boilerplate. In practice, it determines whether a UK MGA can transfer, run off or reprice a book before intangible value drains away.
Audit and information-access clauses are often treated as back-office boilerplate, yet in a tighter 2026 capacity market they are among the few intangible controls a carrier can actually enforce. This article sets out how UK MGAs and capacity providers should underwrite the right to inspect data, claims files and delegated-authority performance, and why weak information rights can become a valuation, dispute and exit risk.
Run-off is often planned as a timetable and a budget line. For UK MGAs, the harder exposure is the set of intangible duties that continue after the binder closes, from claims handling and data retention to regulatory permissions and tacit knowledge. This article sets out a practical pricing checklist for underwriters before they sign.
UK MGA underwriting performance increasingly rests on pricing models and decision engines held by vendors. A standard software escrow agreement rarely preserves the capability to run them. This article sets out a 2026 underwriting checklist for model custody, update rights and exit readiness.
When a UK MGA changes capacity provider, the binder moves more easily than the knowledge that made the book perform. This article sets out a practical underwriting framework for evidencing, pricing and covenanting knowledge-transfer risk during the 2026 handover period.
UK MGAs often treat a sole third-party administrator as a procurement choice. In practice it is a concentrated claims exposure that affects regulatory outcomes, renewal economics and the value of delegated authority. This article sets out a 2026 diligence agenda for capacity providers and MGA boards.
Earn-outs in UK MGA acquisitions are usually drafted as commercial mechanics, but their value rests on intangible performance measures that can be disputed long after completion. This article sets out a 2026 underwriting approach to deferred consideration, evidence gaps and post-deal performance risk.
Managing general agents increasingly point to rating matrices and decision rules as the core of their franchise value, yet few can evidence who owns them, which version is live, or how they would survive the departure of the people who wrote them. This article sets out a five-test framework for treating underwriting IP as a standalone intangible exposure in 2026.
UK MGA diligence often concentrates on binder terms and loss ratios, yet a single capacity provider can represent the sharper intangible exposure. This article offers a 2026 framework for evidencing, scoring and pricing capacity concentration, with contract tests, diligence questions and verifiable mitigants.
Consumer Duty evidence is often treated as compliance housekeeping, yet it can be the difference between a transferable MGA arrangement and a stranded one. This article sets out an underwriting framework for testing whether fair value assessments, outcomes monitoring, distribution records and governance minutes are complete, owned and resilient enough to survive a change in capacity, delegated authority or platform.
Renewal rights are often treated as the durable core of an MGA’s value. In practice, a book may renew without being transferable. This article sets out the consent, commission and valuation questions that separate a genuinely transferable book from one that merely renews.
UK MGAs compete on service as much as on price, but service commitments often sit outside the policy wording. Claims turnaround times, platform availability and broker support promises can become contractual or regulatory liabilities when they are missed. This article offers a practical playbook for making those promises visible before they crystallise.
Most UK MGAs now run on a thin spine of technology and service vendors. Diligence usually concentrates on security posture and financial standing, while the intangible exposures sit quietly in the schedules. Here are five red flags to test before signing or renewing.
In physical damage claims, the adjuster's first site visit settles evidence, value and reserve almost simultaneously. Intangible losses break that sequence, and UK MGAs are discovering the cost of the gap. This article sets out the three linked problems and a practical checklist for claims teams handling reputational, contractual, data and key-person notifications.
Loss of a licence, regulatory approval or operating authority is an intangible event that UK MGAs often treat as a compliance matter rather than an insurable trigger. This market insight examines where the exposure bites across transport, healthcare, financial services and waste, and sets out practical questions and trigger language for 2026 appetites.
UK MGAs have learned to map data, intellectual property and contractual exposures, but human capital often remains an HR question. This article sets out a five-point underwriting test for key-person dependency in specialist underwriting and claims teams, with practical evidence requirements for 2026.
AI exposure rarely arrives in a UK specialty wording through a bold grant of cover. It arrives through definitions, service descriptions and sub-limits that were drafted for a different decade. This piece sets out a practical 2026 test for MGA underwriters across five lines — and explains where silent algorithmic exposure is turning into a genuine accumulation concern.
Liquidated damages, performance penalties, service credits and termination payments are contractual numbers, not physical damage — yet they increasingly sit behind claims presented to UK MGAs as if they were tangible losses. This analysis examines why those exposures are missed in construction, engineering and professional lines, and how underwriters can identify and word around them before they reach dispute.