MGA Relationships Still Attract Reinsurers
The lovefest between reinsurers and managing general agents, which has been referred to frequently on National Underwriters pages in recent years, seemed to be coming to an end early in 2001, when companies like Mutual Risk Management announced their fourth-quarter 2000 results.
Disputes with reinsurers over receivables on terminated business in its program business segment prompted a $46.1 million reserve for reinsurance receivables and a $5.6 million loss for 2000 for the Hamilton, Bermuda-based Mutual Risk Management, executives said, describing program business as business where the company acts as a conduit between specialty producers and reinsurers.
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