IGI stresses the importance of retaining the pen

Amid a meteoric rise in the number of MGAs, Jordan-based
(re)insurer IGI is keen to retain underwriting control, according
to CEO Andreas Loucaides.
Speaking to The Insurance Insider in
Monte Carlo yesterday, Loucaides noted that while IGI does support
a small number of MGAs, they had to provide considerable added
value to be considered as a partner.
Loucaides said: "MGAs can bring new skillsets and
distribution advantages, but during a soft market you will see a
lot of MGAs where...