Managing General Agent

Three elements are needed for a stand-alone underwriting venture;

• Underwriting expertise and renewable business;
• Management, finance and regulatory infrastructure; and
• Capital.

For the right underwriters and classes of business Amalfi offers a stand-alone infrastructure with FSA approvals in place to sponsor and support new MGA companies. These operate as coverholders under the Amalfi umbrella. Amalfi is able to offer working capital and some risk capital for the right propositions and through its extensive London market network find the right partners to underwrite facilities to activate the MGA.

Incoming teams have a direct shareholding in the MGA and a substantial share of the profits.

There are stringent criteria that incoming teams have to meet for the Amalfi validation committee. Broadly, these are:

• Demonstrable underwriting track record over 5 years;
• No US$ long tail liability business;
• Sustainable non-cyclical business volumes;
• Underwriting for net account; not reinsurance reliant; and
• Experienced team with credible CVs.

For further information contact: newbusiness@amalfiunderwriting.com