MGAA appoints Gary Humphreys to Board of Directors
The Managing General Agents’ Association (MGAA) has announced the appointment of Gary Humphreys, group underwriting director at Markerstudy Group, as a new board director at its annual general meeting yesterday.
Humphreys is co-founder of the Markerstudy Group, the UK’s largest MGA. The Group, a member of the MGAA, includes Zenith Insurance and Markerstudy Insurance Services, and recently acquired the Co-op’s underwriting business, CIS General Insurance Limited, subject to regulatory approval.
The MGAA also re-elected Jonathan Skinner, Pen Underwriting’s capacity director, for a further 12-month term. Skinner and Humphreys join the board as representatives from the two largest MGA members, in line with the MGAA’s Articles of Association.
The pair join existing board members Catherine Bell of inet3, Mark Birrell of Castel Underwriting Agencies, Marco Del Carlo of Tempo Underwriting, Charles Earle of Advent Solutions, Bill O’Malley of Arch Insurance, Keith Stern of Lloyd’s, Jeff Turner of Miramar Underwriting, Charles Manchester, MGAA chairman and CEO of Manchester Underwriting Management, and Peter Staddon, the Association’s managing director.
Speaking about Gary’s appointment, Peter Staddon said: “Gary brings a combination of entrepreneurial flair and almost 40 years of industry experience to the board. His addition brings yet more strength and depth to the Association, and is, I feel, a reflection of the DNA of many of our MGA members.
“Association members write around £6bn in gross written premium in the UK annually, and represent one of the fastest growing sectors of the UK insurance industry. The MGAA exists to promote and support this growth, to drive engagement with brokers and support industry best practice.”
The Managing General Agents' Association is a not-for-profit trade association representing true MGAs. Our aim is to represent and support the UK MGA market. We work within the professional framework of the Chartered Insurance Institute and our members sign the MGAA Code of ethics.
Managing General Agents (MGAs) are an important, established and fast-growing sector of the UK insurance industry.
Over 300 MGAs currently underwrite over 10% of the UK’s £47 billion general insurance market premiums.
MGAs deserve specific representation to lobby on their behalf, communicate their considerable benefits and drive best practice.
The Managing General Agents’ Association (MGAA) was formed in 2011 to fulfil this role.
The total number of full MGA members now stands at 101, which collectively represent over £3.5bn of underwriting capacity.
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