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Managing General Agent (MGA)

MGAs and MGUs provide special expertise and management to insurance and reinsurance companies that ordinarily would not be able to assume certain types of risks without their assistance.

A managing general agent (MGA) and managing general underwriter (MGU) are used by primary carriers, excess insurers, and reinsurers to assume business in exchange for a percentage of the premium written. The MGA can perform all of these tasks:

  • underwriting
  • policy issuance
  • premium collection
  • claims payment

The material in this document has been prepared and shared for informational purposes only and should not be relied upon as legal advice on any particular situation.