MGA Programs Suffer In Re Renewals

The reinsurance capacity crunch that has hit the casualty market has been especially pronounced for managing general agents trying to renew treaties supporting their casualty programs for 2002, industry observers agree.

Previously it was viewed as a specialty area that a lot of reinsurers wanted to get into, said Gregory Sandvik, a managing director for Guy Carpenter in Stamford, Conn. Going back a few years, he said, “there was a strong appetite” for MGA program business.

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