Conning: U.S. MGA Premiums Climb 16% to $114 Billion in 2024

Conning: U.S. MGA Premiums Climb 16% to $114 Billion in 2024

Market Expansion Continues; Migrating Underwriting Talent from Carriers and Brokers, AI Adoption, E&S Premium Among Leading Factors

U.S. MGA premiums grow 16% in ‘24 driven by migrating talent, AI adoption & other factors: Conning

The U.S. Managing General Agent (MGA) growth once again outpaced the broader property-casualty market, with direct premiums written rising 16% year-over-year to an estimated $114.1 billion, a recent Conning study has revealed. Conning’s latest strategic study, “Managing General Agents: Built for What’s Next,” highlights several market dynamics that have benefited the MGA sector. These include continued migration of underwriting talent from carri…