Ever since the pioneering Lloyd's underwriter, Cuthbert Heath, first granted a binding authority to his agent in Amsterdam, Alfred Schroder, in 1903, Lloyd's has played a key role in the development of Europe's delegated authority market.
The role of reinsurance captives has been growing in the capacity stack of MGAs in the United States and United Kingdom. In the first of a series of monthly articles on captive management issues, Mark Elliott, CEO of Guernsey-based Polo Insurance Managers, highlights the top seven reasons why profitable MGAs of all sizes across Europe should consider establishing a captive.
