Top 10 MGA Companies – 2024

Emerging tech trends are reshaping the wholesale insurance brokerage and managing general agents (MGA) landscape, fostering growth opportunities. These providers are pivotal in helping businesses and individuals secure essential coverage in a highly regulated, risk-conscious environment.

MGAs are authorized by insurers to underwrite policies, manage claims, and handle risk, offering businesses specialized coverage with flexibility and expertise in niche markets. Wholesale brokers, in contrast, act as intermediaries between retail agents and specialized insurers or MGAs, providing access to complex, often high-risk coverage options. Together, these providers serve businesses and individuals seeking specialized, non-standard insurance solutions or access to markets beyond the scope of standard insurers.

This edition of Insurance Business Review highlights the latest developments in the tech-driven wholesale insurance brokerage and MGA sectors and how companies can leverage their services to secure the right coverage and mitigate risks effectively.

It features thought leadership articles from experts, including Holly Hollenbeck, JD, CRIS, Regional Vice President, Legal and Contracts at Marsh McLennan Agency Southwest. He emphasizes why businesses must assess risks, implement loss control measures and ensure effective communication to reduce the threat of large jury verdicts that can impact their financial stability. Matt Campen, Vice President, Claims, at RLI Insurance Company, highlights how insurance companies use various techniques to analyze social media platforms after disasters, gathering data on damage severity to evaluate claims more effectively.

We hope this edition offers valuable insights to help you find the right partner who provides you with the most suitable coverage options to enhance your services.

MGA - 2024

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Surety One, Inc.

Surety One, Inc. is a surety bond managing general agency and international insurance brokerage that caters to both standard and non-standard applicants. It offers tailored bonding solutions to all economic sectors that require financial guarantees and surety capacity.

We never say no. Saying ‘no’ isn’t just turning away a client. It’s erasing someone’s chance to succeed

C. Constantin Poindexter, Founder
Surety One, Inc.

Surety One, Inc. is a surety bond managing general agency and international insurance brokerage that caters to both standard and non-standard applicants. It offers tailored bonding solutions to all economic sectors that require financial guarantees and surety capacity.
We never say no. Saying ‘no’ isn’t just turning away a client. It’s erasing someone’s chance to succeed

C. Constantin Poindexter, Founder,.
Bamboo Ide8 Insurance Services

Bamboo Ide8 Insurance Services is a Managing General Agency specializing in propertycasualty insurance. Focused on innovation, they provide a seamless, customer-centric insurance experience tailored to modern needs.
Bamboo Ide8 Insurance Services

Bamboo Ide8 Insurance Services is a Managing General Agency specializing in propertycasualty insurance. Focused on innovation, they provide a seamless, customer-centric insurance experience tailored to modern needs.
Embrace Partners

Embrace Partners is an innovative insurance provider offering customized coverage solutions. The company leverages technology and expert insights to deliver efficient, personalized insurance services for clients.
Embrace Partners

Embrace Partners is an innovative insurance provider offering customized coverage solutions. The company leverages technology and expert insights to deliver efficient, personalized insurance services for clients.
Fusion

Fusion is an MGA platform empowering specialty insurance entrepreneurs across the USA, Europe, and APAC, attracting top-tier underwriting teams and robust re/insurance capacity.
Fusion

Fusion is an MGA platform empowering specialty insurance entrepreneurs across the USA, Europe, and APAC, attracting top-tier underwriting teams and robust re/insurance capacity.
Integrated Specialty Coverages

Integrated Specialty Coverages (ISC) is a techdriven program administrator offering multiline insurance solutions. Leveraging advanced technology and analytics, the firm transforms underwriting, client service, and customer experience across insurance markets.
Integrated Specialty Coverages

Integrated Specialty Coverages (ISC) is a techdriven program administrator offering multiline insurance solutions. Leveraging advanced technology and analytics, the firm transforms underwriting, client service, and customer experience across insurance markets.
Novatae

Novatae is a leading MGA, program underwriter, Lloyd's Coverholder, and wholesaler. The firm provides tailored underwriting solutions across industries and partnering with over 500 global insurers.
Novatae

Novatae is a leading MGA, program underwriter, Lloyd's Coverholder, and wholesaler. The firm provides tailored underwriting solutions across industries and partnering with over 500 global insurers.
NSM Insurance Group

Founded in 1990, NSM Insurance Group specializes in commercial property and casualty insurance. The firm delivers tailored solutions to meet unique industry-specific insurance needs.
NSM Insurance Group

Founded in 1990, NSM Insurance Group specializes in commercial property and casualty insurance. The firm delivers tailored solutions to meet unique industry-specific insurance needs.
Paragon

Paragon is a fast-growing MGA known for acquiring companies, launching innovative programs, and expanding geographically. It offers team members career growth and top professional development opportunities.
Paragon

Paragon is a fast-growing MGA known for acquiring companies, launching innovative programs, and expanding geographically. It offers team members career growth and top professional development opportunities.
Southern Insurance Underwriters

Southern Insurance Underwriters is a Certified Managing General Agency, has served independent agents for over 50 years, offering access to 120+ markets and personalized underwriting services.
Southern Insurance Underwriters

Southern Insurance Underwriters is a Certified Managing General Agency, has served independent agents for over 50 years, offering access to 120+ markets and personalized underwriting services.
USG Insurance Services

USG Insurance Services is a national wholesale broker and managing general agent (MGA) with 20+ offices across the country. They represent a variety of A rated carriers, both admitted and non-admitted.
USG Insurance Services

USG Insurance Services is a national wholesale broker and managing general agent (MGA) with 20+ offices across the country. They represent a variety of A rated carriers, both admitted and non-admitted.